Procrastination and Intertemporal Consumption : A Three-Period Extension of The CAPM with Irrational Agents

In this paper, we show that the capital asset pricing model can be derived from a three- period general equilibrium model even if the agents of the financial economy have time- inconsistent preferences, i.e. they are either sophisticated or naive

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Year of publication:	[2022]
Authors:	Habis, Helga
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| CAPM \| Intertemporale Entscheidung \| Intertemporal choice

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Extent:	1 Online-Ressource (12 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 8, 2022 erstellt
Other identifiers:	10.2139/ssrn.4033727 [DOI]
Classification:	D53 - Financial Markets ; G12 - Asset Pricing ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; D1 - Household Behavior and Family Economics
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013301500