Myopic Loss Aversion and the Equity Premium Puzzle
收藏NBER1993-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4369
下载链接
链接失效反馈官方服务：
资源简介：
The equity premium puzzle, first documented by Mehra and Prescott, refers to the empirical fact that stocks have greatly outperformed bonds over the last century. As Mehra and Prescott point out, it appears difficult to explain the magnitude of the equity premium within the usual economics paradigm
提供机构：
美国国家经济研究局
创建时间：
1993-05-01
