NO.PZ2024101802000013
问题如下：
An individual investor is assessing three different risky investment portfolios with the following expected characteristics:
Portfolio A has an expected return of 8% with volatility of 20%.
Portfolio B has an expected return of 9% with volatility of 25%.
Portfolio C has an expected return of 10% with volatility of 30%.
The risk-free rate is 4%. This investor can take on the risk associated with the highest risk portfolio and has been assessed as having low risk aversion. The investor chooses Portfolio A. Which one of the following concepts can lead the investor to choose Portfolio A?
选项：
A.Risk tolerance
Risk capacity
Risk perception
解释：
C is the correct response. Even though each of the portfolios offers the same return-to-risk trade-off (Sharpe ratio of each portfolio is 0.2), the investor has chosen the portfolio with the lowest risk. This choice implies that the investor has a subjective assessment (i.e., perception) that the higher risk portfolios are not attractive. A is incorrect because low risk aversion reflects high risk tolerance. B is incorrect because the investor has the capacity to invest in the highest risk portfolio.
老师好, 现在考纲的risk tolerance是只分risk capacity和riskperception了吗? 原来考纲的risk willingness是现在没这个概念了?
