Does Heterogeneity in Risk Aversion Imply a Downward-Sloping Equity Term Structure?
The study explores a two-agent model's ability to explain equity term structure, suggesting more research is needed to align preference-heterogeneous agent models in asset pricing with empirical evidence.
Featured in No. 23 on 25 Oct 2023 · 5 days after release · 0 citations today
- Released
- 20 Oct 2023
- First featured
- No. 23 · 25 Oct 2023
- Citations (Semantic Scholar)
- 0
- Influential citations
- 0
- Published in
- Not yet, as far as Semantic Scholar knows
- Shares when featured
- 2
- Identifier
- SSRN 4608133
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