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Utility analysis, luxuries and risk : a critical comment

Schroyen, Fred
Working paper
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URI
http://hdl.handle.net/11250/163070
Date
2006-10
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  • Discussion papers (SAM) [586]
Abstract
This note questions the analysis of Diacon (2006) in the June

issue of Economics Letters. It points at a misinterpretation and claims that the

conclusion—that the presence of luxuries may make people love income gambles — is only true if people love gambles on luxury products.
Publisher
Norwegian School of Economics and Business Administration. Department of Economics
Series
Discussion paper
2006:34

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