Equity Premium Puzzle

Based on this model, we try to interpret the abnormal performances of stock prices such as equity premium puzzle, size effect.

通过这一模型，对股权溢价之谜、规模效应等实证金融中的反常现象进行了分析。

互联网摘选

The paper takes a systematic perspective at various theories, and then makes some empirical analysis of the level of the equity premium puzzle in capital market of china, considering our country's reality in the calculation of historical data and the relative rate of pay off.

本文在系统介绍各种理论的基础上，对我国资本市场上的股权溢价水平进行了实证分析。在对历史数据分析和相关收益率的计算上，充分考虑了我国的国情和现实情况。

互联网摘选

Being one of the anomalies in the financial market, the equity premium puzzle has attracted numerous attentions in the financial economics since its first being raised, many researchers tried to explain the puzzle by modifying the traditional model in various ways.

作为金融市场上的异象之一，股权溢价之谜自被提出之时就引起了金融经济学术界的广泛关注，大量的研究人员试图以不同的方式对传统模型进行修正来解释股权溢价之谜。

互联网摘选

The other is CCAPM anomaly, especially the equity premium puzzle.

第二种是CCAPM异象，主要是指股票溢价之谜。

互联网摘选

Asset pricing is considered as the core of modern finance; it involves puzzles such as the equity premium puzzle and the risk-free rate puzzle, which have attracted an extensive research interest.

资产定价既是现代金融的核心，也是许多困惑之所在，其中最著名的就是股权溢价之谜和无风险利率之谜。

互联网摘选

From the viewpoint of market equilibrium, testify the mode about market risk premium and get a sound risk aversion coefficient and resolve the equity premium puzzle.

验证了老鼠仓情况下的市场风险溢价模型，得到合理的相对风险规避系数，从老鼠仓的角度解决了股权溢价之迷。

互联网摘选

Behavioral finance scholars has been developing a new theory by better approaching the real insight into the theory of market anomaly, such as asset prices reflect the over-reaction and under-reaction, momentum effect, the equity premium puzzle and calendar effects, and so on.

行为金融学者们以更逼近真实市场行为的理论分析洞悉了资产价格反映过度和反应不足、动量效应、股权溢价之谜以及日历效应等等市场异象，并取得了一定的成果。

互联网摘选

However, efficient market hypothesis has failed to explain anomalies like the equity premium puzzle, calendar effect, acute fluctuation of stock price, ect.

但有效市场假说在实践中，无法解释股票价格过度波动、股权溢价之谜、日历效应等各种异象。

互联网摘选

The emergence of behavioral finance is bright to the puzzle. Its representative theory-myopic loss aversion theory can offer a relatively reasonable explanation to the equity premium puzzle.

行为金融学的出现为股权溢价之谜的解决带来了曙光，其代表性的理论&短视性损失厌恶理论，对股权溢价之谜提供了一个较为合理的解释。

互联网摘选

Consumption CAPM built up a connection between asset pricing theory and the general equilibrium Economics. However," the equity premium puzzle" poses a challenge to the explanatory power of the model.

消费CAPM的模型将风险资产定价理论与经济学当中的一般均衡结合起来，但是股权溢价之谜的提出，对模型的解释力提出了挑战。

互联网摘选

This paper tries to narrate the explanations of the equity premium puzzle from classical economics and behavioral finance.

本文将试图从古典经济学和行为金融学两个方面对理论学界对股权溢价之谜的解释进行综述。

互联网摘选

The Equity Premium Puzzle

股权溢价之谜

互联网摘选

This model resolves the equity premium puzzle Preference modifications, imperfect market and traction cost are often used to explain it.

本文使用该模型，解释了股票溢价之谜。对股票溢价之谜的探讨本文主要着眼于偏好修正、不完善市场和交易成本三个角度进行。

互联网摘选

On this basis, this paper proposes the new forms of CCAPM model, and gives explanations of the equity premium puzzle and the risk-free rate puzzle.

在此基础上，本文提出了消费资本资产定价模型的新形式，并对股权溢价之谜和无风险利率之谜进行解释。

互联网摘选