Sunday, November 30, 2008

A NOTE ON THE JOINT OCCURRENCE OF INSURANCE AND GAMBLING

Research Articles LARRY E. JONES, Macroeconomic Dynamics, Volume 12 Issue 01 , pp 97-111 Abstract This note provides a formal justification for the Friedman and Savage nonconcavity in the utility of money.

journals.cambridge.org/action/displayAbstract?fromPage=online&aid=1586500