How Long to Read Agents' Preferences, the Equity Premium, and the Consumption-Saving Trade-Off

How Long Does it Take to Read Agents' Preferences, the Equity Premium, and the Consumption-Saving Trade-Off?

It takes the average reader and 39 minutes to read Agents' Preferences, the Equity Premium, and the Consumption-Saving Trade-Off by Ms. Aude Pommeret

Assuming a reading speed of 250 words per minute. Learn more

Description

This paper aims to measure the risk premium on French equities during 1960-92 and to evaluate how well theoretical models based on various representations of agents'' preferences can explain it. Aside from the standard, time-additive utility function with constant relative risk aversion, three other utility functions are reviewed: a recursive utility function, a habit formation utility function, and a utility function that accounts for the interdependence of preferences. Both calibration and econometric estimations show that none of the studied marginal changes in the representation of agents'' preferences are sufficient to solve both the equity premium puzzle and the risk-free rate puzzle.

How long is Agents' Preferences, the Equity Premium, and the Consumption-Saving Trade-Off?

Agents' Preferences, the Equity Premium, and the Consumption-Saving Trade-Off by Ms. Aude Pommeret is 38 pages long, and a total of 9,804 words.

This makes it 13% the length of the average book. It also has 12% more words than the average book.

How Long Does it Take to Read Agents' Preferences, the Equity Premium, and the Consumption-Saving Trade-Off Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 53 minutes to read Agents' Preferences, the Equity Premium, and the Consumption-Saving Trade-Off aloud.

What Reading Level is Agents' Preferences, the Equity Premium, and the Consumption-Saving Trade-Off?

Agents' Preferences, the Equity Premium, and the Consumption-Saving Trade-Off is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Agents' Preferences, the Equity Premium, and the Consumption-Saving Trade-Off?

Agents' Preferences, the Equity Premium, and the Consumption-Saving Trade-Off by Ms. Aude Pommeret is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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