Risk Based Explanations of the Equity Premium
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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
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美国国家经济研究局创建时间：
2007-07-01
