NO.PZ2023021601000011
问题如下:
When constructing the optimal portfolios for investors with different risk preferences, the investor with the higher risk aversion is most likely to have a:(2016 mock)选项:
A.steeper capital allocation line. B.flatter indifference curve. C.lower expected return.解释:
The optimal portfolio is identified as the point at which the capital allocation line (CAL) is tangential to the investor's indifference curve. As investor risk aversion increases, the optimal portfolio slides down the CAL to a point of lower expected risk and lower expected return.无差异曲线公式里A越小,越喜欢风险,所以无差异曲线越平坦,是B的意思么?