Is there evidence of pessimism in subjective distributions in Singapore? Implications on the equity premium puzzle

Abel (2002) defines uniform pessimism as the subjective distribution being a leftward shift of the objective distribution. He shows that pessimism in the subjective distribution of growth rate of consumption and output can help resolve the equity premium puzzle. We examine his model and investigate...

Full description

Saved in:
Bibliographic Details
Main Authors: Cheong, Allen Yong Fei, Wong, Mun Mun
Other Authors: Kang Min Wook
Format: Final Year Project
Language:English
Published: 2017
Subjects:
Online Access:http://hdl.handle.net/10356/69773
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Nanyang Technological University
Language: English