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the claim
Logarithmic utility functions represent a constant relative risk aversion of one.
the verdict
COMMON KNOWLEDGE
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refutedsupported
the weight of evidence
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Logarithmic utility functions represent a constant relative risk aversion of one by definition in economics and expected utility theory, requiring no empirical citation.

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The analysis

The claim states a fundamental, definitional mathematical property of logarithmic utility functions within expected utility theory (specifically, that the coefficient of relative risk aversion is -c * u''(c) / u'(c) = 1 for u(c) = ln(c)). This is a textbook mathematical identity rather than an empirical proposition requiring validation from specific studies.

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first checked04 Aug 2026
judged → COMMON KNOWLEDGE · 9504 Aug 2026
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