Irrational optimism

Financial Analysts Journal

Volumn 60, Issue 1, 2004, Pages 15-25

  Dimson, Elroy ^a   Marsh, Paul ^a   Staunton, Mike ^a  

^a LONDON BUSINESS SCHOOL   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 5044234346     PISSN: 0015198X     EISSN: None     Source Type: Journal    
DOI: 10.2469/faj.v60.n1.2589     Document Type: Review

References (15)

1. Arnott, Robert, and Peter Bernstein. 2002. "What Risk Premium Is 'Normal'?" Financial Analysts Journal, vol. 58, no. 2 (March/April):64-85.
2. Bernstein, Peter. 2002. "Foreword." In Stocks for the Long Run. By Jeremy Siegel. 3rd ed. New York: McGraw Hill.
3. Bernstein, William, and Robert Arnott. 2003. "Earnings Growth: The Two Percent Dilution." Financial Analysts Journal, vol. 59, no. 5 (September/October):47-55.
4. Campbell, John, and Robert Shiller. 2003. "Valuation Ratios and the Long-Run Stock Market Outlook: An Update." In Advances in Behavioral Finance, Volume II. Edited by Nicholas Barberis and Richard Thaler. New York: Russell Sage Foundation.
5. De la Grandville, Olivier. 1998. "The Long-Term Expected Rate of Return: Setting It Right." Financial Analysts Journal, vol. 54, no. 6 (November/December):75-80.
6. Dimson, Elroy, Paul Marsh, and Mike Staunton. 2002. Triumph of the Optimists: 101 Years of Global Investment Returns. Princeton, NJ: Princeton University Press.
7. _. 2003. "Global Evidence on the Equity Risk Premium." Journal of Applied Corporate Finance, vol. 15, no. 4 (Fall):27-38.
8. _. 2004. The DMS Data Module for EnCorr. Chicago, IL: Ibbotson Associates.
9. Fabozzi, Frank, and Ronald Ryan. 2003. "The Pension Crisis Revealed." Journal of Investing, vol. 12, no. 3 (Fall):43-48.
10. Ibbotson, Roger, and Peng Chen. 2003. "Long-Run Stock Returns: Participating in the Real Economy." Financial Analysts Journal, vol. 59, no. 1 (January/February):88-98.
11. Pettit, Justin, Ivan Gulic, and April Park. 2001. The Equity Risk Measurement Handbook. New York: Stern Stewart.
12. Siegel, Jeremy. 2002. Stocks for the Long Run. 3rd ed. New York: McGraw Hill.
13. Smithers, Andrew, and Stephen Wright. 2002. Valuing Wall Street. New York: McGraw Hill.
14. Welch, Ivo. 2000. "Views of Financial Economists on the Equity Premium and Other Professional Controversies." Journal of Business, vol. 73, no. 4 (October):501-537.
15. _. 2001. "The Equity Premium Consensus Forecast Revisited." Yale University ICF: Cowles Foundation Discussion Paper No. 1325.