RISK AVERSION AND PORTFOLIO CHOICE

Edited by
DONALD D. HESTER and JAMES TOBIN
John Wiley & Sons, Inc., New York, London, Sidney
1967
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TABLE OF CONTENTS

Chapter  Page 
Preliminary Pages
1.  Liquidity Preference as Behavior Toward Risk, by James Tobin
2.  Substitution and Complementarity in the Choice of Risky Assets, by Shoichi Royama and Koichi Hamada 27 
3.  Efficient Portfolios with Short Sales and Margin Holdings, by Donald D. Hester 41 
4.  Effects of Alternative Tax Structures on Individuals' Holdings of Financial Assets, by Susan Lepper 51 
5.  Stock Market Indices: A Principal Components' Analysis, by George J. Feeney and Donald D. Hester 110 
6.  The Accumulation of Risky Capital: A Sequential Utility Analysis, by Edmund S. Phelps 139 
7.  Estimating the Utility of Wealth from Call Options Data, by Richard N. Rosett 154 
Index 171