Skewness and Investors' Decisions: A Reply

Fred D. Arditti

Journal of Financial and Quantitative Analysis, 1975, vol. 10, issue 1, 173-176

Abstract: 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.

Date: 1975
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