The paper by Kleibergen, Kong and Zhan is an excellent contribution on finite sample methods in asset pricing, and provides an insightful application to consumption-based asset pricing models. In particular, informative simulations and a serious empirical analysis confirm that shortcomings of available and popular methods are not small enough to be ignored.

中文翻译：

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评论：有限样本中风险溢价的识别稳健检验

Kleibergen、Kong 和 Zhan 的论文对资产定价中的有限样本方法做出了杰出贡献，并为基于消费的资产定价模型提供了深刻的应用。特别是，信息丰富的模拟和严肃的实证分析证实，可用和流行的方法的缺点并没有小到可以忽略不计。