| 词汇 | risk-free |
| 释义 | risk-free adjective ukus used to describe something that does not involve any risk: This strategy is not entirely risk-free. risk-free assets Examples of risk-freerisk-free Similarly, the rate of return on risk-free assets also can be easily evaluated. We assume the absence of a risk-free asset, implying that individuals have to bear all risk inherent in their risky capital. It is assumed that transactions in risk-free bonds do not incur transaction costs; alternatively, k can be regarded as representing both sets of costs. There is also a risk-free asset with a fixed interest rate. The model produces reasonable volatilities for both the risk-free and risky rates but fails to produce a sizeable equity premium. In this risk-free world, several predictions can be made concerning how workers would choose which plan to enroll in. The model allows for agents to put funds in a risk-free asset which is available in infinite supply. Because there is no intertemporal consumption decision, the payoff and the price of the risk-free asset are normalized to one. We find that the baseline spirit-of-capitalism model produces a low risk-free rate, and may thus resolve the risk-free rate puzzle. In conclusion, pediatric cardiac catheterization is not risk-free, although the incidence of major complications is low. In particular, a consumer invests in a portfolio composed of a risk-free and a risky asset. The criterion is not based on risk-free investment, but, given a fixed amount of capital, the risk-free share does affect the available risky share. A similar result holds for the risk-free rate, which is known to be too volatile in this kind of model. We stress that we do not study the effect of habit formation on the risk-free rate. It is convenient in this example to express the equity premium in this model as the log expected equity return minus the risk-free rate. See all examples of risk-free These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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