Measuring Risk Aversion From Excess Returns on a Stock Index
收藏NBER1991-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3643
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资源简介：
We distinguish the measure of risk aversion from the slope coefficient in the linear relationship between the mean excess return on a stock index and its variance. Even when risk aversion is constant, the latter can vary significantly with the relative share of stocks in the risky wealth portfolio,
提供机构：
美国国家经济研究局
创建时间：
1991-03-01
