Sharpe-ratio constraint 0.4-0.5 on long-horizon equity/rate
| source | Equity-premium-puzzle literature |
| derivation | expert_judgment |
| quality | estimated |
| regulatory frameworks | NAIC VM-20 stochastic |
| set | 2026-05-25 |
| last reviewed | 2026-05-25 |
| next review due | 2026-12-31 |
Risk-neutral vs real-world divergence; used in GOES scenario weighting.