Closed FlorianSeitz closed 4 years ago
Lambda can now range between -10 and 10. Does this make sense in the model. I thought that risk aversion was lambda > 1 and risk seeking was 0 < lambda < 1
Lambda can now range between -10 and 10. Does this make sense in the model. I thought that risk aversion was lambda > 1 and risk seeking was 0 < lambda < 1