Rational risk-averse investors will always prefer portfolios located on the efficient frontier to those located on the tangent capital market line located on the tangent capital market line to those located on the efficient frontier at or near the minimum variance point on the efficient frontier Rational risk-averse investors prefer the risk-free asset to all other assets

Rational risk-averse investors will always prefer portfolios located on the efficient frontier to those located on the tangent capital market line located on the tangent capital market line to those located on the efficient frontier at or near the minimum variance point on the efficient frontier Rational risk-averse investors prefer the risk-free asset to all other assets

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter7: Uncertainty

Section: Chapter Questions

Problem 7.10P

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