Multi-Period Models: Empirical Tests

  • Emilio Barucci
  • Claudio Fontana
Part of the Springer Finance book series (FINANCE)


This chapter is devoted to an extensive overview of the empirical evidence on classical asset pricing theory. In particular, the attention is focused on the empirical properties of the observed prices and returns and on several anomalies reported in the literature, including the excess volatility phenomenon, the predictability of asset returns, the equity premium puzzle, the risk free rate puzzle and other related asset pricing puzzles.


Excess Return Asset Return Risk Free Rate Relative Risk Aversion Capital Asset Price Model 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer-Verlag London Ltd. 2017

Authors and Affiliations

  • Emilio Barucci
    • 1
  • Claudio Fontana
    • 2
  1. 1.Dipartimento di MatematicaPolitecnico di MilanoMilanoItaly
  2. 2.Laboratoire de Probabilités et Modèles AléatoiresUniversité Paris Diderot (Paris 7)ParisFrance

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