Equity premium with distorted beliefs: a puzzle

DOI10.1016/J.JEDC.2005.06.013MaRDI QIDQ956568zbMATH OpenOpenAlexFDO

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

zbMATH Keywords

rational expectationsequity premiumdistorted beliefs

Mathematics Subject Classification ID

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

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

Cites work

• Endogenous economic fluctuations. Studies in the theory of rational beliefs
• On the structure and diversity 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
• 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
• Solution to the Siegel paradox
• The equity premium: a deeper puzzle

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