A Personalized Mean-CVaR Portfolio Optimization Model for Individual Investment

Table 1

Risk tolerance evaluation criteria.

Criterion	Illustration	Value range
Gender	Males have a higher degree of risk acceptability than females	Male, female
Age	Negative relationship	<30 years old, 31–40 years old, 41–50 years old, 51–60 years old, >60 years old
Education	Positive relationship	Did not complete high school, high school, university
Investment knowledge	Positive relationship	Not rich, moderate, rich