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 a

NBER1993-05-01 更新220

Can Myopic Loss Aversion Explain the Equity Premium Puzzle? Evidence from a Natural Field Experiment with Professional Traders

行为金融学

股权溢价之谜

Behavioral economists have recently put forth a theoretical explanation for the equity premium puzzle based on combining myopia and loss aversion. Complementing the behavioral theory is evidence from

NBER2016-09-01 更新130

Replication Package for: Solution to the Equity Premium Puzzle with Time Varying Variables

股权溢价之谜

资产定价模型

Replication data and codes for Solution to the Equity Premium Puzzle with Time Varying Variables

NIAID Data Ecosystem80