%A Lahiri, Somdeb
%D 2022
%T Utility function for monetary gains (and losses) satisfying Friedman-Savage hypothesis
%K
%X In this note we provide a closed form utility function for gains that is S-shaped around the origin and satisfies the Friedman-Savage hypothesis. We obtain the corresponding Arrow–Pratt measure of absolute risk aversion (ARA) as well as Arrow–Pratt measure of relative risk aversion (RRA) for it.
%U https://journals.aserspublishing.eu/jmef/article/view/7165
%J Journal of Mathematical Economics and Finance
%0 Journal Article
%R 10.14505/jmef.v8.1(14).02
%P 23-30%V 8
%N 1
%@ 2458-0813
%8 2022-06-30