CONTENTS
Outline of Plans for Volumes II, III, and IV
Characteristics of Expected Utility Maximization
Weber’s Law and the Allais Paradox
Bounded Versus Unbounded Utility of Returns
2. Mean-Variance Approximations to Expected Utility
Why Not Just Maximize Expected Utility?
Utility of Return Versus Utility of Wealth
Highly Risk-Averse Investors and a Risk-Free Asset
Ederington’s Quadratic and Gaussian Approximations to Expected Utility ...
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