Retrieving "Investor Impatience" from the archives

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1. Risk Premiums

   Linked via "investor impatience"

   The ERP is the most frequently discussed premium, representing the excess return expected from equities over a risk-free asset, typically a short-term Treasury bill.
   Historical estimation of the ERP relies on extrapolating past performance, often yielding figures between 4% and 7%. However, prospective estimation methods, such as the implied ERP derived from current market prices and expected fu…