NO.PZ2018070201000052
问题如下:
What is the characteristics of indifference curve for the most risk-averse investors?
选项:
A.lowest convexity.
B.lowest intercept value.
C.greatest slope coefficient.
解释:
C is correct.
The high risk-averse investor has the indifference curve at the same standard deviation have higher expected return. .All investors have the same expected return when standard deviation is 0.
投资者risk adverse程度越高,indifference curve 与efficient frontier相交的点应该越是接近gobal minimum variance portfoilo, 那为什么B不对呢