NO.PZ201511190100001101
问题如下：
Determine, assuming Ly’s bias conclusion is correct, which portfolio Olssen would most likely select.(circle one)
Portfolio 1
Portfolio 2
Justify your response.
选项：
解释：
Olssen would most likely select Portfolio 2.
●A mental accounting bias suggests that Olssen might consider his investments in layers.
●Portfolio 2 has the same income, expected return, and Sharpe ratio as Portfolio 1 and is structured in layers.
The results of the risk tolerance questionnaire suggest that Olssen exhibits a mental accounting bias. He likely compartmentalizes his portfolio into discrete layers of low-risk assets versus risky assets without regard to the correlations among the assets. Portfolio 2 is constructed in this way, with discrete layers for each objective, while Portfolio 1 is constructed to be mean–variance optimized. As a result, Olssen would most likely select Portfolio 2, particularly because it has the same income, expected return, and Sharpe ratio as Portfolio 1.
因为这两个组合income一样，所以要追求capital growth大的，风险中等的，分层构建的那个。
所以选择组合1，因为组合2有高风险fund，而且像bond这样投资产品capital growth低
难道不是选1嘛？
