If investors have hyperbolic absolute risk aversion (HARA) (including the power utility function, logarithmic function and the exponential utility function), separation theorems can be obtained without the use of mean-variance analysis.
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If investors have hyperbolic absolute risk aversion (HARA) (including the power utility function, logarithmic function and the exponential utility function), separation theorems can be obtained without the use of mean-variance analysis. https://divisionmidway.org/jobs/author/pwwevjomm/