Investors Utility Adjusted Return

I’m looking at Investors Utility Adjusted Return and in specific the Risk Aversion Score. I know there is a range for Risk Aversion score - Is it lower the number, more risk adverse? I’m trying to find it in the CFAI books with no luck :frowning:

Lower value of risk aversion score actually means higher risk tolerance… see CFAI V3, bottom of p. 237. Think it’s because it’s measuring risk aversion… a low number means they’d prefer higher risk-adjusted returns, all things equal, because their utility is higher