Results 111 to 120 of about 33,816 (196)

Time Preference and the 'Equity Premium Puzzle [PDF]

open access: yes, 1989
We re-examine the Mehra and Prescott (1985) model. Allowing the time preference factor to be greater than one resolves the "equity premium puzzle." We show that this solution is consistent with finite expected utility and a positive risk-free rate of interest.
Benninga, Simon, Protopapadakis, Aris
openaire   +1 more source

Stockholding: Does housing wealth matter? [PDF]

open access: yes
The existence of an equity premium puzzle has been largely emphasized in the empirical literature: one observes low risky assets holding that the standard portfolio choice model (with expected and discounting utility and homothetic preferences) is not ...
Arrondel, L., Savignac, F.
core  

Optimal Changes of Gaussian Measures, with Application to Finance [PDF]

open access: yes
We derive optimality conditions and calculate approximate solutions to the problem of determining the optimal speed of mean reversion to be applied to a Gaussian state variable.
Henry Schellhorn
core  

Using Innovative Software to Address the Puzzle of Sustainable Workforce Stability. [PDF]

open access: yesJ Nurs Adm
Kester KM   +9 more
europepmc   +1 more source

Approximation bias in estimating risk aversion [PDF]

open access: yes
The asymmetric approximation originally employed by Pratt (1964) to construct reduced-form measures of risk aversion s a downward bias when used for empirical estimation.
Joseph G. Eisenhauer
core  

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