In this paper, concave function and its properties are discussed. And concave function's application in optimization are shown as well.
2
在有效前沿上,风险是收益的严格单调递增凸函数,收益是风险的严格单调递增凹函数。
On the effect boundary, risk is return's rigid monotony increase by degrees convex function , return is risk's rigid monotony increase by degrees concave function.