A Continuous-Time Version of a Delegated Asset Management Problem

Table 6

The effect of the risk aversion factor on the optimal compensation and the optimal effort level.

p	k	q	Compensation	n
0.60	0.7942	0.9432	60.9005	0.1012
0.61	1.0608	0.9238	74.6961	0.10
0.62	1.4107	0.9061	91.5460	0.1102
0.63	1.8409	0.8902	111.0353	0.1147
0.64	2.4748	0.8727	137.7054	0.1200