INVESTMENTS | BODIE, KANE, MARCUSCopyright 2011 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/IrwinCHAPTER 6Risk Aversion and Capital Allocation to Risky Assets风险厌恶与风险资产的配置INVESTMENTS | BODIE, KANE, MARCUS6- 2Allocation to Risky Assets风险资产的配置 Investors will avoid risk unless there is a reward. 投资者是风险趋避的除非风险会产生收益 The utility model gives the optimal allocation between a risky portfolio and a risk-free asset. 效用模型认为最优的资产配置是风险组合和无风险资产的一个最优搭配INVESTMENTS | BODIE, KANE, MARCUS6- 3
