This paper is a critical review of the literature on the “equity premium puzzle≓. The puzzle,
as originally articulated more than fifteen years ago, underscored the inability of the …

Over two decades ago, Mehra and Prescott (1985) challenged the finance profession with a
poser: the historical US equity premium is an order of magnitude greater than can be …

Written by world experts in the foundations of quantum mechanics and its applications to
social science, this book shows how elementary quantum mechanical principles can be …

This article takes a critical look at the equity premium puzzle the inability of standard
intertemporal economic models to rationalize the statistics that have characterized US …

" An excellent and comprehensive source of information on hedge funds! From a quantitative
view Lhabitant has done it once again by meticulously looking at the important topics in the …

A comprehensive guide to the burgeoning hedge fund industry Intended as a
comprehensive reference for investors and fund and portfolio managers, Handbook of …

A new class of Capital Asset Pricing Models (CAPM) arises from the first principle of real
investment for individual firms. Conceptually as 'causal'as the consumption CAPM, yet …

This paper proposes a new method for measuring investor'risk appetite'. Like other
indicators in the literature, it is based on a comparison of risk-neutral probabilities of future …

The Capital Asset Pricing Model (CAPM) is about expected return. If you find a formula for
expected returns that works well in the real markets, would you publish it? Before or after …

O serviço prestado pela auditoria independente é fundamental para uma maior
transparência e confiabilidade dos relatórios financeiros das empresas de capital aberto. As …