Hisse primi bilmecesi: Bir literatür incelemesi

This thesis is a survey of the literature on the equity premium puzzle. Thepuzzle was introduced in 1985 by Mehra and Prescott, who noted that the huge pre-mium of equities over bonds is not consistent with the predictions of the Lucas-Breeden representative agent paradigm that governs macroeconomic theory today.This thesis describes the equity premium puzzle, conveys the importance of its im-plications, and classifies and reviews the approaches to explaining it.Keywords: Equity Premium Puzzle, Asset Pricing, Risk-free Rate Puzzleiii