行为金融学--资产价格的可预测性、股权溢价之谜、波动率之谜：理性金融学方法
Behavioral Finance -- Asset Prices Predictability, Equity Premium Puzzle, Volatility Puzzle: The Rational Finance Approach
摘要：
在本文中，我们解决了行为金融学对理性金融理论的三个主要反对意见，这些反对意见被认为是理性金融理论无法解释的异常现象：资产收益的可预测性，股权溢价，波动率之谜。我们在理性金融学的框架内提出了这些异议的解决方案。我们并不认为这些是对这些异常现象的唯一可能的解释，而是在理性金融理论的框架内提供了一些统计模型，在寻找这些异常现象的解释时，这些模型可以在不依赖于行为金融学假设的情况下使用。
英文摘要：
In this paper we address three main objections of behavioral finance to the theory of rational finance, considered as anomalies the theory of rational finance cannot explain: Predictability of asset returns, The Equity Premium, (The Volatility Puzzle. We offer resolutions of those objections within the rational finance. We do not claim that those are the only possible explanations of the anomalies, but offer statistical models within the rational theory of finance which can be used without relying on behavioral finance assumptions when searching for explanations of those anomalies.
机构、总结、中文摘要均由AI分析而来，可能存在错误，请以论文正文为准。
