Showing 1 - 10 of 38,495
Persistent link: https://www.econbiz.de/10011538973
Persistent link: https://www.econbiz.de/10012009679
This paper studies equilibrium portfolio choice and asset returns using a new model of recursive preferences called optimal risk attitude utility. Our model is an extension of recursive expected utility that allows an individual to optimally select her risk aversion parameter in response to the...
Persistent link: https://www.econbiz.de/10012116795
Persistent link: https://www.econbiz.de/10012664492
We show analytically under quite general conditions that time-varying implied rates of return based on analysts' earnings forecasts are only a downward biased estimator for future expected one-period returns and therefore not suited for computing market risk premia in order to resolve the equity...
Persistent link: https://www.econbiz.de/10013095127
Persistent link: https://www.econbiz.de/10013414307
Persistent link: https://www.econbiz.de/10014558774
Persistent link: https://www.econbiz.de/10014227415
Persistent link: https://www.econbiz.de/10014446824
Persistent link: https://www.econbiz.de/10009673889