Isoelastic utility
id:
isoelastic-utility-286-128205
title:
Isoelastic utility
text:
In economics, the isoelastic function for utility, also known as the isoelastic utility function, or power utility function, is used to express utility in terms of consumption or some other economic variable that a decision-maker is concerned with. The isoelastic utility function is a special case of hyperbolic absolute risk aversion and at the same time is the only class of utility functions with constant relative risk aversion, which is why it is also called the CRRA utility function. In stati
brand slug:
wiki
category slug:
encyclopedia
description:
Concept in economics
original url:
https://en.wikipedia.org/wiki/Isoelastic_utility
date created:
date modified:
2024-03-17T03:37:02Z
main entity:
{"identifier":"Q3467023","url":"https://www.wikidata.org/entity/Q3467023"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/5/50/Isoelastic.svg","width":446,"height":320}
fields total:
13
integrity:
15