Equity Premium Puzzle or Faulty Economic Modelling?

12 Jan 2020 Shirvani Abootaleb Stoyanov Stoyan V. Fabozzi Frank J. Rachev Svetlozar T.

In this paper, we revisit the equity premium puzzle reported in 1985 by Mehra and Prescott. We show that the large equity premium that they report can be explained by choosing a more appropriate distribution for the return data... (read more)

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