This concept involves knowledge acquired through the complete set of lectures from the module. You might
want to look in the literature at different empirical approaches that have revealed this phenomenon. In
addition you can look at the literature on the possible theoretical explanations for the Equity Premium

Please read the following article-you will find it useful:

Siegel, J.J. and Thaler, R.H. (1997) Anomalies: The Equity Premium Puzzle, The Journal of Economic
Perspectives, Vol. 11 (1), 191-200.

Also please use the Scopus database ( to find relevant articles from other Journals.


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