Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. In economics, demand is the consumer's ...

This article obtains demand functions for risky assets without making a priori assumptions about the form of the utility function. In a simple portfolio model, the envelope theorem is applied to the ...

This is a preview. Log in through your library . Abstract Although probabilistic discrete-choice models such as multinomial logit are widely used, little consideration has been given to the ...