Rare Disasters, Tail-Hedged Investments, and Risk-Adjusted Discount Rates
收藏数据链接：
官方服务：
资源简介：
What is the best way to incorporate a risk premium into the discount rate schedule for a real investment project with uncertain payoffs? The standard CAPM formula suggests a beta-weighted average of the return on a safe investment and the mean return on an economy-wide representative risky
提供机构：
美国国家经济研究局创建时间：
2012-10-01
