Risk Aversion and Intertemporal Substitution in the Capital Asset Pricing Model
收藏NBER1989-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2824
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资源简介：
When tastes are represented by a class of generalized preferences which -- unlike traditional Von-Neumann preferences -- do not confuse behavior towards risk with attitudes towards intertemporal substitution, the true beta of an asset is, in general, an average of its consumption and market betas.
提供机构：
美国国家经济研究局
创建时间：
1989-01-01
