The American Economic Review, Volume 96American Economic Association., 2006 |
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... payoff's unconditional variance . This uncondi- tional variance measures payoff volatility . The model features a state process that ties uncon- ditional variance to expected asset payoffs . When unconditional variance is high , informa ...
... payoff's unconditional variance . This uncondi- tional variance measures payoff volatility . The model features a state process that ties uncon- ditional variance to expected asset payoffs . When unconditional variance is high , informa ...
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TABLE 3 - Asset Market RISK INCREASES NEWS PROVISION Independent variable log payoff volatility payoff volatility ( Rm2 – Rm ( 1-1 ) ) 2 × 10−4 log payoff standard deviation ( ( 1 / T ) Σ ( log ( Rm ) — log ( R ) ) 2 ) 1/2 Notes ...
TABLE 3 - Asset Market RISK INCREASES NEWS PROVISION Independent variable log payoff volatility payoff volatility ( Rm2 – Rm ( 1-1 ) ) 2 × 10−4 log payoff standard deviation ( ( 1 / T ) Σ ( log ( Rm ) — log ( R ) ) 2 ) 1/2 Notes ...
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... PAYOFFS FOR PAYOFF QUIZ Bonus rate = 8 200 150 100 Paying Not to Go to the Gym By STEFANO DELLA. 8 100 + 28 * min ( H1 ) - Firm payoff = Minimum hours spent on Activity A by other employees 10 20 30 40 My hours on Activity A 0 200 200 ...
... PAYOFFS FOR PAYOFF QUIZ Bonus rate = 8 200 150 100 Paying Not to Go to the Gym By STEFANO DELLA. 8 100 + 28 * min ( H1 ) - Firm payoff = Minimum hours spent on Activity A by other employees 10 20 30 40 My hours on Activity A 0 200 200 ...
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5 | 720 |
MAYORG AND MARCH | 989 |
This Appendix explains in more detail | 1232 |
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