THE EQUITY PREMIUM PUZZLE AND MYOPIC LOSS AVERSION

Itzhak Venezia

Chapter 10 in Lecture Notes in Behavioral Finance, 2018, pp 145-156 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:The Equity Premium Puzzle (EPP): Definition and ScopeTraditional Explanations for the EPPMyopic Loss Aversion Rationale for the EPPImplications of the EPP for Investors

Keywords: Behavioral Finance; Rationality; Prospect Theory; Cognitive and Psychological; Efficient Markets; Market Anomalies; Limits to Arbitrage; Heuristics (search for similar items in EconPapers)
Date: 2018
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