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- Friedman–Savage_utility_function abstract "The Friedman–Savage utility function is the theory that Milton Friedman and Leonard J. Savage put forth in their 1948 paper, which argued that the curvature of an individual's utility function differs based upon the amount of wealth the individual has. This curving utility function would thereby explain why an individual is risk-loving when he has more wealth (e.g., by playing the lottery) and risk-averse when he is poorer (e.g., by buying insurance). The function has been used widely, including in the field of Economic History to explain why social gambling did not necessarily mean that society had gone gambling mad.".
- Friedman–Savage_utility_function wikiPageID "12661785".
- Friedman–Savage_utility_function wikiPageRevisionID "577962248".
- Friedman–Savage_utility_function subject Category:Economics_terminology.
- Friedman–Savage_utility_function subject Category:Milton_Friedman.
- Friedman–Savage_utility_function subject Category:Utility.
- Friedman–Savage_utility_function comment "The Friedman–Savage utility function is the theory that Milton Friedman and Leonard J. Savage put forth in their 1948 paper, which argued that the curvature of an individual's utility function differs based upon the amount of wealth the individual has. This curving utility function would thereby explain why an individual is risk-loving when he has more wealth (e.g., by playing the lottery) and risk-averse when he is poorer (e.g., by buying insurance).".
- Friedman–Savage_utility_function label "Friedman–Savage utility function".
- Friedman–Savage_utility_function sameAs Friedman%E2%80%93Savage_utility_function.
- Friedman–Savage_utility_function sameAs Q5503704.
- Friedman–Savage_utility_function sameAs Q5503704.
- Friedman–Savage_utility_function wasDerivedFrom Friedman–Savage_utility_function?oldid=577962248.