问题如下:
A financial planner has created the following data to illustrate the application of utility theory to portfolio selection:
If an investor’s utility function is expressed as and the measure for risk aversion has a value of -2, the risk-seeking investor is most likely to choose:
选项:
A.Investment 2.
B.Investment 3.
C.Investment 4.
解释:
C is correct.
Investment 4 provides the highest utility value (0.2700) for a risk-seeking investor, who has a measure of risk aversion equal to −2.
risk-seeking investor和risk averse investor 都要选择utility最大的组合吗?