id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fsr-3443	Feng, Wei; Jones, Travis L.; Allen, Marcus T.	Using investor utility to determine portfolio choice with REITs	2021	12	.pdf	application/pdf	5357	258	64	The benefit of adding REITs to a portfolio is inversely related to investor risk aversion. Investor’s risk preference To explain the role of risk preference over the portfolio choice, we model an investor’s utility function as: U ¼ m� :05us 2 (1) where m is the average portfolio return, and s is the standard deviation of portfolio returns.	cache/fsr-3443.pdf	txt/fsr-3443.txt