4 axioms

1. Comparability
2. Transitivity
3. Independence
4. Certainty equivalence

As w decreases, and ARA decreases  the absolute amount of investment in risky assets will
increase.

As w decreases, and RRA decreases  the proportion of his wealth that is invested in risky
assets will increase.

Min / Max premium questions:

E[U(w+P-Y)] = U(w) (For loss)

E[U(w-P+Y)] = U(w) (For lottery/profit)