Isoelastic utility
In economics, the isoelastic function for utility, also known as the isoelastic utility function, or power utility function is used to express utility in terms of consumption or some other economic variable that a decision-maker is concerned with. The isoelastic utility function is a special case of hyperbolic absolute risk aversion and at the same time is the only class of utility functions with constant relative risk aversion, which is why it is also called the CRRA utility function. It is
CRRAConstant elasticity of substitutionConstant relative risk aversionElasticity of intertemporal substitutionEpstein–Zin preferencesExpected utility hypothesisExponential utilityHomothetic preferencesHyperbolic absolute risk aversionIntertemporal portfolio choiceIsoelastic functionIsoelastic utility functionMerton's portfolio problemMutual fund separation theoremPower processing unitPower utility functionRisk aversionUtilityUtility functions on divisible goodsWelfare cost of business cycles
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Isoelastic utility
In economics, the isoelastic function for utility, also known as the isoelastic utility function, or power utility function is used to express utility in terms of consumption or some other economic variable that a decision-maker is concerned with. The isoelastic utility function is a special case of hyperbolic absolute risk aversion and at the same time is the only class of utility functions with constant relative risk aversion, which is why it is also called the CRRA utility function. It is
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En economía, la función de uti ...... incluyen un riesgo subyacente.
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In der Mikroökonomie ist die i ...... e Standard-Nutzenfunktion dar.
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In economics, the isoelastic f ...... o not include underlying risk.
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En economía, la función de uti ...... utilidad CRRA. La función es:
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In der Mikroökonomie ist die i ...... e Standard-Nutzenfunktion dar.
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In economics, the isoelastic f ...... e CRRA utility function. It is
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Isoelastic utility
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Isoelastische Nutzenfunktion
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Utilidad isoelástica
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