Utility analysis, luxuries and risk : a critical comment
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- Discussion papers (SAM) 
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.
UtgiverNorwegian School of Economics and Business Administration. Department of Economics