INVESTMENTS_投资学_（博迪BODIE,_KANE,_MARCUS）Chap006_Risk_Aversion_and_Capital_Allocation_to_Risky_Assets教材教学课件.pptVIP

CHAPTER 6;Allocation to Risky Assets;Risk and Risk Aversion;Risk and Risk Aversion;Risk Aversion and Utility Values;Table 6.1 Available Risky Portfolios (Risk-free Rate = 5%);Utility Function;Table 6.2 Utility Scores of Alternative Portfolios for Investors with Varying Degree of Risk Aversion;Basic Asset Allocation;Basic Asset Allocation;The Risk-Free Asset;Figure 6.3 Spread Between 3-Month CD and T-bill Rates ;It’s possible to create a complete portfolio by splitting investment funds between safe and risky assets. Let y=portion allocated to the risky portfolio, P (1-y)=portion to be invested