Results 11 to 20 of about 293 (163)
The Fundamental Equity Premium and Ambiguity Aversion in an International Context
Risks, 2018 Stocks are riskier than bonds. This causes a risk premium for stocks. That the size of this premium, however, seems to be larger than risk aversion alone can explain the so-called “equity premium puzzle”.
Minh Hai Ngo +2 more
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Risk Premium for Loss of Employment in Polish Regions [PDF]
Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej, 2018 On the basis of the income-based valuation method of intellectual capital of the region in the previous papers, the author discovers a need for a valuation of the risk premium which should be included in the rate that discounts income from work ...
Jan Ostoj
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Anomalies: The Equity Premium Puzzle [PDF]
Journal of Economic Perspectives, 1997 The equity premium is the difference in returns between equities and fixed income securities, such as Treasury bills. The puzzle refers to the fact that the premium has historically been very large--about 6 percent per year--too large to be easily explained by risk aversion.
Jeremy J. Siegel, Richard H. Thaler
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The Equity Premium: A Deeper Puzzle [PDF]
SSRN Electronic Journal, 2007 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Required Market Risk Premium among countries in 2012
Journal of Finance and Data Science, 2015 This paper contains the statistics of the Equity Premium or Market Risk Premium (MRP) used in 2012 for 82 countries. We got 7192 answers for 93 countries, but we only report the results for 82 countries with more than 5 answers.
Pablo Fernandez +2 more
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Consumption-based macroeconomic models of asset pricing theory [PDF]
Ekonomski Anali, 2016 The family of consumptionbased asset pricing models yields a stochastic discount factor proportional to the marginal rate of intertemporal substitution of consumption.
Đorđević Marija
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Myopic Loss Aversion and the Equity Premium Puzzle [PDF]
The Quarterly Journal of Economics, 1995 Summary: The equity premium puzzle refers to the empirical fact that stocks have outperformed bonds over the last century by a surprisingly large margin. We offer a new explanation based on two behavioral concepts. First, investors are assumed to be ``loss averse'', meaning that they are distinctly more sensitive to losses than to gains.
Shlomo Benartzi, Richard H. Thaler
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The equity premium puzzle and the risk-free rate puzzle [PDF]
Journal of Monetary Economics, 1989 This paper studies the implications for general equilibrium asset pricing of a class of Kreps-Porteus nonexpected utility preferences characterized by a constant intertemporal elasticity of substitution and a constant, but unrelated, coefficient of relative risk aversion.
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Private Equity Premium Puzzle Revisited [PDF]
American Economic Review, 2014 This paper revisits the results of Moskowitz and Vissing-Jørgensen (2002) on returns to entrepreneurial investments in the United States. Following the authors' methodology and new data from the Survey of Consumer Finances, I find that the “private equity premium puzzle” does not survive the period of high public equity returns in the 1990s.
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Review on Efficiency and Anomalies in Stock Markets
Economies, 2020 The efficient-market hypothesis (EMH) is one of the most important economic and financial hypotheses that have been tested over the past century. Due to many abnormal phenomena and conflicting evidence, otherwise known as anomalies against EMH, some ...
Kai-Yin Woo +3 more
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