Equity premium with distorted beliefs: a puzzle

DOI10.1016/J.JEDC.2005.06.013zbMATH Open1200.91197OpenAlexW2136720018MaRDI QIDQ956568FDOQ956568

Authors: Miroslav Misina 

Publication date: 25 November 2008

Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2005.06.013

Recommendations

• The equity premium: a deeper puzzle
• A resolution of the equity premium puzzle
• WOULD THERE EVER BE CONSENSUS VALUE AND SOURCE OF THE EQUITY RISK PREMIUM? A REVIEW OF THE EXTANT LITERATURE
• Is there evidence of pessimism and doubt in subjective distributions? Implications for the equity premium puzzle
• Habit formation and the equity-premium puzzle: a skeptical view

zbMATH Keywords

rational expectationsequity premiumdistorted beliefs

Mathematics Subject Classification ID

Special types of economic markets (including Cournot, Bertrand) (91B54) Economic dynamics (91B55)

Cites Work

• On the structure and diversity of rational beliefs
• Endogenous economic fluctuations. Studies in the theory of rational beliefs

Cited In (6)

• Is there evidence of pessimism and doubt in subjective distributions? Implications for the equity premium puzzle
• Probability weighting and default risk: a possible explanation for distressed stock puzzles
• Solution to the Siegel paradox
• The equity premium: a deeper puzzle
• Myopic Loss Aversion and the Equity Premium Puzzle
• WOULD THERE EVER BE CONSENSUS VALUE AND SOURCE OF THE EQUITY RISK PREMIUM? A REVIEW OF THE EXTANT LITERATURE

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