Question Tag: With respect to utility theory, the most risk-averse investor will have an indifference curve with the:
Saurabh SharmaBeginner
how less convexity has greatest slope? | With respect to utility theory, the most risk-averse investor will have an indifference curve with the:
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Convexity comes to the picture only because of diminishing marginal utility.
As wealth grows utility of taking risk reduces.