Before revision:  We also show that decreasing absolute risk aversion (DARA)  is equivalent to a demand for  terminal wealth that has more spread than the opposite of the log pricing kernel at the investment horizon.
After revision:  We also show that decreasing absolute risk aversion (DARA) to distributional properties of the terminal wealth and the financial market. Specifically, we show that DARA is equivalent to a demand for terminal wealth that has more spread than the opposite of the log pricing kernel at the investment horizon.