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Habit Formation: A Resolution of the Equity Premium Puzzle
Home
Publications
Habit Formation: A Resolution of the Equity Premium Puzzle
Habit Formation: A Resolution of the Equity Premium Puzzle
GC
George M. Constantinides
George M. Constantinides
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1 June 1990
journal article
Published by
University of Chicago Press
in
Journal of Political Economy
Vol. 98
(3)
,
519-543
https://doi.org/10.1086/261693
Abstract
No abstract available
Keywords
RISK AVERSION
HABIT FORMATION
RATIONAL EXPECTATION
RATE OF RETURN
EQUITY PREMIUM PUZZLE
RELATIVE RISK AVERSION
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