Utility analysis, luxuries and risk : a critical comment
Working paper
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Date
2006-10Metadata
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- Discussion papers (SAM) [657]
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 EconomicsSeries
Discussion paper2006:34