... analysis Utility theory Interpersonal relations It has long been an established component of the economics canon that diminishing marginal utility of wealth is tantamount to risk aversion; the association between the two concepts dates back three centuries to Bernoulli (1738) . Diminishing...

..., the assumption of homogenous expectations that underlies the mean‐variance market models limits their ability to explain domestic bias and the paradox of capital flight in the face of simultaneous inflows of foreign capital. Capital Utility theory Risk assessment Political risk The third case...