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- W3210369536 abstract "This study provides the solution to the equity premium puzzle. The new model was developed by including the behavior of investors toward risk in financial markets in prior studies. The calculations of this newly tested model show that the value of the coefficient of relative risk aversion is 1.033526 by assuming the value of the subjective time discount factor to be 0.99. Since these values are compatible with the existing empirical studies, they confirm the validity of the newly derived model that provides the solution to the equity premium puzzle." @default.
- W3210369536 created "2021-11-08" @default.
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- W3210369536 date "2021-10-27" @default.
- W3210369536 modified "2023-09-27" @default.
- W3210369536 title "Solution to the Equity Premium Puzzle Using the Sufficiency Factor of the Model" @default.
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