id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fsr-3918	Hariharan, Govind; Chapman, Kenneth S.; Domian, Dale L.	Risk tolerance and asset allocation for investors nearing retirement	2000	12	.pdf	application/pdf	5571	260	57	Abstract This paper uses a large individual-level data set to isolate the effects of risk tolerance on portfolio composition. We test and confirm two predictions of the Capital Asset Pricing Model: (1) increased risk tolerance reduces an individual’s propensity to purchase risk-free assets; and (2) higher risk tolerance does not affect the composition of an individual’s portfolio of risky assets.	cache/fsr-3918.pdf	txt/fsr-3918.txt