Risk Based Explanations of the Equity Premium
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下载链接:
https://www.nber.org/papers/w13220
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资源简介:
This essay reviews the family of models that seek to provide aggregate risk based explanations for the empirically observed equity premium. Theories based on non-expected utility preference structures, limited financial market participation, model uncertainty and the small probability of enormous
提供机构:
美国国家经济研究局
创建时间:
2007-07-01



