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The von Neumann-Morgenstern Utility Functions with Constant Risk Aversions
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The von Neumann-Morgenstern Utility Functions with Constant Risk Aversions (2011)The von Neumann-Morgenstern Utility Funct…Finance and the economics of uncertainty (2006)Finance and the economics of …On Weights and Measures: Informational Constraints in Social Welfare Analysis (1977)On Weights and Measures: Info…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Essays in the Theory of Risk-Bearing. (1972)Essays in the Theory of Risk-…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Justice as Fairness (1958)On the measurement of inequality (1970)An Exploration in the Theory of Optimum Income Taxation (1971)Poverty and famines an essay on entitlement and deprivation (1981)The Measurement and Decomposition of Multi-Dimensional Inequality (1986)The Income Component of the Human Development Index (2000)Financial Decision Making across the Adult Life Span (2015)Moral Hazard and Observability (1979)Prospect theory: An analysis of decision under risk (1988)The New Institutional Economics: Taking Stock, Looking Ahead (2000)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The arbitrage theory of capital asset pricing (1976)
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References

  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1972Essays in the Theory of Risk-Bearing.3,991 cited
  • 1977On Weights and Measures: Informational Constraints in Social Welfare Analysis582 cited
  • 2006Finance and the economics of uncertainty8 cited

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