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POST
/
quantlib
/
economics
/
utility
/
certainty-equivalent
Certainty Equivalent
curl --request POST \
  --url https://finceptbackend.share.zrok.io/quantlib/economics/utility/certainty-equivalent \
  --header 'Content-Type: application/json' \
  --header 'X-API-Key: <api-key>' \
  --data '
{
  "utility_type": "crra",
  "param": 2,
  "outcomes": [
    8000,
    12000
  ],
  "probabilities": [
    0.5,
    0.5
  ]
}
'
{
  "success": true,
  "data": {
    "certainty_equivalent": 9798
  }
}

Authorizations

​
X-API-Key
string
header
required

API key for authentication. Get your key at https://finceptbackend.share.zrok.io/auth/register

Body

application/json
​
utility_type
enum<string>
required

Type of utility function to use

Available options:
cara,
crra,
log
Example:

"crra"

​
outcomes
number[]
required

Possible wealth outcomes

Minimum array length: 1
Example:
[8000, 12000]
​
param
number | null

Utility function parameter (risk_aversion for CARA, gamma for CRRA, unused for log)

Example:

2

​
probabilities
number[] | null

Probabilities for each outcome (must sum to 1, if null uses uniform)

Required range: 0 <= x <= 1
Example:
[0.5, 0.5]

Response

Successful Response

​
success
boolean
Example:

true

​
data
object