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On the Risk-Return Trade-off in the Valuation of Assets†

Published online by Cambridge University Press:  19 October 2009

Michael Adler
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Extract

This article has two goals. The first is to contrast two widely used definitions of risk aversion. The second is to establish the feasibility of plunging behavior, in the sense that a possibly large number of risk averse investors will not be diversifiers.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 4 , Issue 4 , December 1969 , pp. 493 - 512
Copyright
Copyright © School of Business Administration, University of Washington 1969

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