The equity premium puzzle : a survey of the literature

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buir.advisorArnwine, Neil
dc.contributor.authorTözün, Bahar
dc.date.accessioned2016-07-01T11:08:15Z
dc.date.available2016-07-01T11:08:15Z
dc.date.issued2006
dc.descriptionCataloged from PDF version of article.en_US
dc.description.abstractThis thesis is a survey of the literature on the equity premium puzzle. The puzzle was introduced in 1985 by Mehra and Prescott, who noted that the huge premium of equities over bonds is not consistent with the predictions of the LucasBreeden representative agent paradigm that governs macroeconomic theory today. This thesis describes the equity premium puzzle, conveys the importance of its implications, and classifies and reviews the approaches to explaining it.en_US
dc.description.provenanceMade available in DSpace on 2016-07-01T11:08:15Z (GMT). No. of bitstreams: 1 0003184.pdf: 271909 bytes, checksum: f0ced7c7e8c432821e44ad65ff33aa9f (MD5) Previous issue date: 2006en
dc.description.statementofresponsibilityTözün, Baharen_US
dc.format.extentvi, 47 leaves, graphicsen_US
dc.identifier.itemidBILKUTUPB100141
dc.identifier.urihttp://hdl.handle.net/11693/29891
dc.language.isoEnglishen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectEquity Premium Puzzleen_US
dc.subjectAsset Pricingen_US
dc.subjectRisk-free Rate Puzzleen_US
dc.subject.lccHG4636 .T69 2006en_US
dc.subject.lcshCapital asset pricing model.en_US
dc.titleThe equity premium puzzle : a survey of the literatureen_US
dc.typeThesisen_US
thesis.degree.disciplineEconomics
thesis.degree.grantorBilkent University
thesis.degree.levelMaster's
thesis.degree.nameMA (Master of Arts)

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