Journal of Financial and Quantitative Analysis Vol. 10 No. 1 1975
Skewness and Investors' Decisions
open access
Abstract
It has been suggested by many [1, 2, 5, 6, 7, 10 and more] and denied by few that, ceteris paribus, a well-informed risk-averse investor should prefer investments which have positively skewed distributions of rates of return. Passing over the models which underlie such assertions, the question is addressed empirically here. Do (as opposed to “should”) investors prefer investments that are positively skewed, ceteris paribus?
- DOI
- 10.2307/2330324
- Volume
- 10
- Issue
- 1
- Pages
- 163
- Sources
- openalex crossref