An Exploration of the Effect of Doubt During Disasters on Equity Premiums

Shiba Suzuki

No 22, Discussion Papers from Meisei University, School of Economics

Abstract: In this note, we consider the effect on equity premiums of a representative household’s subjective expectations during disasters. In particular, we focus on the effect of doubt during disasters. Our contribution is to demonstrate that doubt during disasters—even mild ones—generates high equity premiums.

Keywords: subjective expectations; disasters; equity premium (search for similar items in EconPapers)
JEL-codes: G02 G12 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2013-02
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: An exploration of the effect of doubt during disasters on equity premiums (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:mei:wpaper:22

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