Myopic Loss Aversion and the Equity Premium Puzzle Reconsidered

Robert Durand, H.W. Tee, Paul Lloyd

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

Benartzi and Thaler [The Quarterly Journal of Economics 110 (1995) 73–92] offer a quasi-rational explanation for the equity premium puzzle. We reconsider their methodology and, making a simple modification to it, find that their analysis is not robust.
Original languageEnglish
Pages (from-to)171-177
JournalFinance Research Letters
Volume1
Issue number3
DOIs
Publication statusPublished - 2004

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