Lecture Notes on Two-Period Investments and the Equity Premium Puzzle A Note to the Student: These lecture notes are not a subst
February 8, 2021, Christopher D. Carroll EquityPremiumPuzzle The Equity Premium Puzzle and the Riskfree Rate This handout derives the equity premium puzzle (Mehra and Prescott (1985)). Consider a representative agent solving the joint consumption ...
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BUS 413 Lecture Notes - Spring 2019, Lecture 1 - Risk Premium, Capital Asset Pricing Model, Capital Structure
![Equity premium puzzle - Hsbs - NBER WORKING PAPER SERIES MYOPIC LOSS AVERSION AND THE EQUITY PREMIUM - StuDocu Equity premium puzzle - Hsbs - NBER WORKING PAPER SERIES MYOPIC LOSS AVERSION AND THE EQUITY PREMIUM - StuDocu](https://d20ohkaloyme4g.cloudfront.net/img/document_thumbnails/161bc91b7f1973b9a750536d4f90badd/thumb_1200_1523.png)