In cases where the utility function is increasing with upper and lower bounds then the utility function can be characterized by a distribution function, and we can take advantage of the various ...

The Review of Economics and Statistics, Vol. 73, No. 1 (Feb., 1991), pp. 94-104 (11 pages) Surveys of individual's risk-dollar tradeoffs illuminate not only the local tradeoff rates but also can be ...

Hyperbolic Absolute Risk Aversion (HARA) describes a family of utility functions where individuals' tolerance for risk is proportional to their wealth level. HARA utility functions provide a ...