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Dang.D · 2020年10月06日

问一道题:NO.PZ2015121801000077

问题如下:

With respect to capital market theory, an investor’s optimal portfolio is the combination of a risk-free asset and a risky asset with the highest:

选项:

A.

expected return.

B.

indifference curve.

C.

capital allocation line slope.

解释:

B  is correct.

Investors will have different optimal portfolios depending on their indifference curves. The optimal portfolio for each investor is the one with highest utility; that is, where the CAL is tangent to the individual investor’s highest possible indifference curve.

optimal portfolio是无差异曲线和CAL的切点可以理解,但是无差异曲线有很多条,为什么说和CAL相切的那个就是highest的?怎么判断哪一个无差异曲线是highest indifference curve呢?

2 个答案
已采纳答案

丹丹_品职答疑助手 · 2020年10月06日

嗨,爱思考的PZer你好:


同学你好,首先对于每个投资者来说每条无差异曲线是不相交的,而且越往右上对于他们来说满意程度越高,无数条无差异曲线可能中可能会有跟cal相切的以及相交的,从画图可知,只有达到相切的时候既可以满足他们又可以实现。cal可以理解为能力,而无差异曲线的每一条可以理解为他们的愿望,只有相切既可以满足愿望又可以实现。


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就算太阳没有迎着我们而来,我们正在朝着它而去,加油!


Dang.D · 2020年10月06日

谢谢

丹丹_品职答疑助手 · 2020年10月07日

不客气同学

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