解析角度我不太懂

嗨，努力学习的PZer你好：

同学你好

She has recently achieved a level of wealth that will likely be sufficient to meet her basic needs and has noticed that each new increment of wealth seems less important to her than it did previously.她最近积累了一定程度的财富，这很可能足以满足她的基本需求，并且她注意到，每新增一笔财富，对她来说似乎都不像以前那么重要了。根据这句话可以画出客户的效用函数，横轴是财富，纵轴是效用，根据图形可知U[(W1+W2)/2]是大于（U1+U2）/2,也就是说客户更喜欢确定性的情况，所以是风险厌恶型。

另外可以从这句话Up until now, Washington has invested solely in stocks and bonds. Shepard encourages her to also consider small allocations to commodities and real estate to improve diversification benefits and provide some inflation protection. Being unfamiliar with such investments, Washington agrees to a smaller allocation than was suggested.因为不熟悉，所以客户只配置很小一部分大宗、房地产，主要还是配置在熟悉的股票和债券，由此也可以看出她是风险厌恶型的。

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虽然现在很辛苦，但努力过的感觉真的很好，加油！