<prompt> Rangarira ndima iri pasi apa uye ipapo pindura mubvunzo gare gare mumutauro mumwe chetewo sechikamu: Passage: Muenzaniso unofunga nezvekunzwa kwechinhu kune njodzi isingachinjiki inozivikanwawo sehurongwa hwehurongwa kana njodzi yemusika, inowanzomiririrwa nehuwandu beta β muindasitiri yezvemari, pamwe nekudzoka kunotarisirwa kwemusika uye kudzoka kunotarisirwa kwechinhu chisina njodzi. CAPM anofungidzira chaiyo chimiro utility mashandiro ari chete wokutanga uye wechipiri nguva nyaya, kuti ngozi iri kuyerwa variance, somuenzaniso quadratic utility kana zvikasadaro pfuma anodzoka vane mukana distributions anonyatsorondedzerwa vaviri okutanga nguva semuenzaniso, kwomuzvarirwo kuparadzirwa uye razero kutengeserana mari zvinodiwa diversification kubvisa zvose idiosyncratic ngozi. Mumamiriro ezvinhu aya, CAPM inoratidza kuti mutengo wemari yemari unotsanangurwa ne beta chete. Pasinei nokukundikana miedzo yakawanda empirical, uye kuvapo zvikuru nzira yazvino kuti pfuma Pricing uye Portfolio kusarudzwa zvakadai arbitrage Pricing dzidziso uye Merton kuti Portfolio dambudziko, CAPM achiri kuramba dzakakurumbira nokuda kwayo nyore uye utility mumamiriro ezvinhu akasiyana-siyana. Mubvunzo: Ndeipi inzwi rezvinhu iro muenzaniso unofunga nezvazvo?  <response>: njodzi isingaparadzanisike 