Is there evidence of pessimism and doubt in subjective distributions? Implications for the equity premium puzzle

DOI10.1016/j.jedc.2005.05.001zbMath1200.91250OpenAlexW3125788924MaRDI QIDQ956541

Paul Söderlind, Paolo E. Giordani

Publication date: 25 November 2008

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://www.alexandria.unisg.ch/8738/1/AbelComm200504.pdf

zbMATH Keywords

equity premiumaggregation of beliefsLivingston surveyriskfree ratesurvey of professional forecasters

Mathematics Subject Classification ID

Related Items (4)

On Abel's concept of doubt and pessimism ⋮ Uncertainty measures from partially rounded probabilistic forecast surveys ⋮ Biased Bayesian learning with an application to the risk-free rate puzzle ⋮ Measuring and adjusting for overconfidence

Cites Work

• Intertemporal asset pricing with heterogeneous beliefs
• An exploration of the effects of pessimism and doubt on asset returns.
• Prospect Theory and Asset Prices
• Asset Prices in an Exchange Economy
• Myopic Loss Aversion and the Equity Premium Puzzle

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