Pessimistic beliefs under rational learning: Quantitative implications for the equity premium puzzle
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- Massimo Guidolin, 2005. "Pessimistic beliefs under rational learning: quantitative implications for the equity premium puzzle," Working Papers 2005-005, Federal Reserve Bank of St. Louis.
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Cited by:
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"High equity premia and crash fears - Rational foundations,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 28(3), pages 693-708, August.
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- George M. Constantinides, 2006.
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