the equity risk premium (ERP), is so great that it implies an implausibly high level of investor risk aversion that is fundamentally incompatible with other branches of economics,
The term was coined by Rajnish Mehra and Edward C. Prescott in a study published in 1985 titled "The Equity Premium: A Puzzle".[4] An earlier version of the paper was published in 1982 under the ti...
the equity risk premium (ERP), is so great that it implies an implausibly high level of investor risk aversion that is fundamentally incompatible with other branches of economics,
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Equity premium puzzle - Wikipedia
The term was coined by Rajnish Mehra and Edward C. Prescott in a study published in 1985 titled "The Equity Premium: A Puzzle".[4] An earlier version of the paper was published in 1982 under the ti...
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