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How Much Would You Pay to Resolve Long-Run Risk?
16 references·16 citing·36 second hopsampled
How Much Would You Pay to Resolve Long-Run Risk? (2014)How Much Would You Pay to Resolve Long-Ru…Can Time‐Varying Risk of Rare Disasters Explain Aggregate Stock Market Volatility? (2013)Can Time‐Varying Risk of Rare…Rare Disasters, Asset Prices, and Welfare Costs (2009)Rare Disasters, Asset Prices,…Rare Disasters and Asset Markets in the Twentieth Century* (2006)Rare Disasters and Asset Mark…Prospect Theory and Asset Prices (2001)Prospect Theory and Asset Pri…Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles (2000)Risks for the Long Run: A Pot…Risk Aversion and Expected-utility Theory: A Calibration Theorem (2000)Risk Aversion and Expected-ut…By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior (1999)By Force of Habit: A Consumpt…A Theory of Disappointment Aversion (1991)A Theory of Disappointment Av…The Consumption of Stockholders and Non-Stockholders (1990)The Consumption of Stockholde…Nonexpected Utility in Macroeconomics (1990)Nonexpected Utility in Macroe…Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework (1989)Substitution, Risk Aversion, …The equity risk premium a solution (1988)The equity risk premium a sol…Models of business cycles (1987)Models of business cyclesThe equity premium: A puzzle (1985)The equity premium: A puzzleIntertemporal Substitution in Consumption (1981)Intertemporal Substitution in…Temporal Resolution of Uncertainty and Dynamic Choice Theory (1978)Temporal Resolution of Uncert…Mitigating Disaster Risks in the Age of Climate Change (2023)Mitigating Disaster Risks in …Data and Markets (2023)Data and MarketsGeneralized Bounds on the Conditional Expected Excess Return on Individual Stocks (2022)Generalized Bounds on the Con…The Risk-Adjusted Carbon Price (2021)The Risk-Adjusted Carbon PriceThe cost of uncertainty about the timing of Social Security reform (2019)The cost of uncertainty about…Macroeconomic Tail Risks and Asset Prices (2019)Macroeconomic Tail Risks and …Declining CO 2 price paths (2019)Declining CO 2 price pathsA Bound on Expected Stock Returns (2019)A Bound on Expected Stock Ret…Endogenous Disasters (2018)Endogenous DisastersAmbiguity and the historical equity premium (2018)Ambiguity and the historical …Idiosyncratic Risk in Housing Markets (2017)Idiosyncratic Risk in Housing…Disaster recovery and the term structure of dividend strips (2016)Disaster recovery and the ter…Climbing and Falling Off the Ladder: Asset Pricing Implications of Labor Market Event Risk (2014)Climbing and Falling Off the …Asset Pricing with Countercyclical Household Consumption Risk (2014)Asset Pricing with Countercyc…Parameter Learning in General Equilibrium: The Asset Pricing Implications (2012)Parameter Learning in General…An Intertemporal CAPM with Stochastic Volatility (2012)An Intertemporal CAPM with St…Asset Prices in an Exchange Economy (1978)Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence (1978)The Dual Theory of Choice under Risk (1987)Dynamic Asset Pricing Theory. (1993)Investor Psychology and Asset Pricing (2001)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks (1993)Presidential Address: Discount Rates (2011)Value and Momentum Everywhere (2013)… and the Cross-Section of Expected Returns (2015)Utility Theory for Decision Making (1971)A Smooth Model of Decision Making under Ambiguity (2005)Expected Stock Returns and Variance Risk Premia (2009)Catastrophic Natural Disasters and Economic Growth (2013)Measuring Systemic Risk (2016)American Economic Review (2019)An Intertemporal Capital Asset Pricing Model (1973)Time to Build and Aggregate Fluctuations (1982)Noise Trader Risk in Financial Markets (1990)Efficient Capital Markets: II (1991)ARCH modeling in finance (1992)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)Risk Aversion and Incentive Effects (2002)Cognitive Reflection and Decision Making (2005)Psychology and Economics: Evidence from the Field (2009)The Framing of Decisions and the Psychology of Choice (1981)Fairness and Retaliation: The Economics of Reciprocity (2000)Income and Wealth Heterogeneity in the Macroeconomy (1998)Information and the Change in the Paradigm in Economics (2002)The Macroeconomics of Happiness (2003)The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors (1986)Habit Formation: A Resolution of the Equity Premium Puzzle (1990)Investor Psychology and Security Market Under‐ and Overreactions (1998)Relative Income, Happiness, and Utility: An Explanation for the Easterlin Paradox and Other Puzzles (2008)
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References

  • 1985The equity premium: A puzzle5,785 cited
  • 1999By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior5,088 cited
  • 1989Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework4,270 cited
  • 2000Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles4,249 cited
  • 2006Rare Disasters and Asset Markets in the Twentieth Century*2,324 cited
  • 2001Prospect Theory and Asset Prices1,876 cited
  • 1978Temporal Resolution of Uncertainty and Dynamic Choice Theory1,822 cited
  • 2000Risk Aversion and Expected-utility Theory: A Calibration Theorem1,623 cited
  • 1987Models of business cycles1,509 cited
  • 1981Intertemporal Substitution in Consumption1,397 cited
  • 1988The equity risk premium a solution1,397 cited
  • 1991A Theory of Disappointment Aversion1,343 cited
  • 1990The Consumption of Stockholders and Non-Stockholders1,289 cited
  • 1990Nonexpected Utility in Macroeconomics986 cited
  • 2013Can Time‐Varying Risk of Rare Disasters Explain Aggregate Stock Market Volatility?914 cited
  • 2009

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Rare Disasters, Asset Prices, and Welfare Costs
856 cited

Cited by

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  • 2023Mitigating Disaster Risks in the Age of Climate Change104 cited
  • 2012Parameter Learning in General Equilibrium: The Asset Pricing Implications86 cited
  • 2019A Bound on Expected Stock Returns85 cited
  • 2016Disaster recovery and the term structure of dividend strips81 cited
  • 2017Idiosyncratic Risk in Housing Markets79 cited
  • 2014Climbing and Falling Off the Ladder: Asset Pricing Implications of Labor Market Event Risk74 cited
  • 2018Ambiguity and the historical equity premium73 cited
  • 2019Macroeconomic Tail Risks and Asset Prices49 cited
  • 2023Data and Markets49 cited
  • 2022Generalized Bounds on the Conditional Expected Excess Return on Individual Stocks48 cited
  • 2014Asset Pricing with Countercyclical Household Consumption Risk48 cited
  • 2019The cost of uncertainty about the timing of Social Security reform47 cited
  • 2012An Intertemporal CAPM with Stochastic Volatility39 cited