Re: Equity premium puzzle

[GMUresearch]

Can you refer or explain succintly what those 3 candidate explanations are?
-Etch

A. Tabarrok wrote:
<< 1) The Equity Premium Puzzle - or why are the returns on stocks so high
 relative to bonds.  We are close to solving this in that we have about
 three good answers now but no test to say which is correct.
  >>