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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…

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Isoelastic utility

Nodes18
Edges17
Triples0
Avg. degree1.89
Density0.111111
Components1

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utility risk function displaystyle aversion eta constant functions special isoelastic case also relative called consumption power economics used terms hyperbolic

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