The Independence Axiom and Asset Returns
收藏NBER1991-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/t0109
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资源简介：
This paper integrates models of atemporal risk preference that relax the independence axiom into a recursive intertemporal asset-pricing framework. The resulting models are amenable to empirical analysis using market data and standard Euler equation methods. We are thereby able to provide the first
提供机构：
美国国家经济研究局
创建时间：
1991-07-01
