The paper, or my comment? I interpreted the paper as an attack on (explanatory) models of risk aversion that are based on this (quite general) type of utility curve, with the conclusion that observed behavior can’t be motivated by such a curve.
The paper, or my comment? I interpreted the paper as an attack on (explanatory) models of risk aversion that are based on this (quite general) type of utility curve, with the conclusion that observed behavior can’t be motivated by such a curve.