Gagnon, Marie-Hélène; Power, Gabriel J. - In: Review of Behavioral Finance 8 (2016) 1, pp. 58-79
discount factor (SDF) using options data on the West Texas Intermediate crude oil futures contract during the 2007-2011 period … levels. Oil market investors also increased their valuation of anticipated future wealth in average states of nature relative … future wealth, but less risk-averse for higher future wealth. Oil market investors increased their valuation of anticipated …