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Skewness and Investors' Decisions: A Reply

Published online by Cambridge University Press:  19 October 2009

Fred D. Arditti
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Extract

Jack Clack Francis' paper is a most interesting and provocative one, because it is the first to present empirical evidence questioning the importance of a distribution's skewness parameter in the investor's decision process. In particular, Francis claims his evidence demonstrates that stock market investors do not consider skewness in choosing among alternative investments.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 10 , Issue 1 , March 1975 , pp. 173 - 176
Copyright
Copyright © School of Business Administration, University of Washington 1975

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References

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