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title = {Prediction and regulation by linear least-square methods},

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@article{Bansal_Yaron_2004,

author = {Ravi Bansal and Amir Yaron},

title = {{Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles}},

journal = {Journal of Finance},

year = 2004,

volume = {59},

number = {4},

pages = {1481-1509},

month = {08},

keywords = {},

doi = {},

abstract = { We model consumption and dividend growth rates as containing (1) a small long-run predictable component, and (2) fluctuating economic uncertainty (consumption volatility). These dynamics, for which we provide empirical support, in conjunction with Epstein and Zin's (1989) preferences, can explain key asset markets phenomena. In our economy, financial markets dislike economic uncertainty and better long-run growth prospects raise equity prices. The model can justify the equity premium, the risk-free rate, and the volatility of the market return, risk-free rate, and the price-dividend ratio. As in the data, dividend yields predict returns and the volatility of returns is time-varying. Copyright 2004 by The American Finance Association.},

url = {https://ideas.repec.org/a/bla/jfinan/v59y2004i4p1481-1509.html}

author = {Bansal, Ravi and Yaron, Amir},

title = {Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles},

journal = {Journal of Finance},

year = {2004},

volume = {59},

number = {4},

pages = {1481--1509},

doi = {10.1111/j.1540-6261.2004.00670.x}

}

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volume = {116},

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pages = {260--302},

year = {2008},

publisher = {The University of Chicago Press}

publisher = {The University of Chicago Press},

doi = {10.1086/588200}

}

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author = {Bray, Margaret M. and Kreps, David M.},

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publisher = {Palgrave Macmillan},

address = {London},

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type = {Working Paper},

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institution = {Institute for Mathematical Studies in the Social Sciences, Stanford University}

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}