NO.PZ2022081802000035
问题如下：
Question If Investor A has a lower risk aversion coefficient than Investor B, on the capital allocation line, will Investor B’s optimal portfolio most likely have a higher expected return?选项：
A.Yes B.No, because Investor B has a higher risk tolerance C.No, because Investor B has a lower risk tolerance解释：
SolutionC is correct. Investor B has a higher risk aversion coefficient, thus a lower risk tolerance and a lower expected return on the capital allocation line.
A is incorrect. Investor A has a higher expected return on the capital allocation line.
B is incorrect. Investor B has lower risk tolerance.
根据utility公式，B更厌恶风险，expected return 更高才对，CAL上远离Rf么
