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Range-Dependent Utility
15 references·0 citing·37 second hop
Range-Dependent Utility (2013)Range-Dependent UtilityBuying and selling price for risky lotteries and expected utility theory with gambling wealth (2014)Buying and selling price for …On mental transformations. (2011)On mental transformations.Risk Attitudes, Buying and Selling Price for a Lottery and Simple Strategies (2009)Risk Attitudes, Buying and Se…On Mental Transformations (2009)On Mental TransformationsSmall- and large-stakes risk aversion: implications of concavity calabration for decision theory (2006)Small- and large-stakes risk …Rejecting small gambles under expected utility (2006)Rejecting small gambles under…Small- and large-stakes risk aversion: Implications of concavity calibration for decision theory (2005)Small- and large-stakes risk …Lecture Notes in Microeconomic Theory: The Economic Agent (2005)Lecture Notes in Microeconomi…Prospect Theory: An Analysis of Decision under Risk (2000)Prospect Theory: An Analysis …Decision-Making in the Presence of Risk (1987)Decision-Making in the Presen…"Expected Utility" Analysis without the Independence Axiom (1982)"Expected Utility" Analysis w…Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…The theory of decision making. (1954)The theory of decision making.The Utility of Wealth (1952)The Utility of WealthRisk, Ambiguity, and the Savage Axioms (1961)The Framing of Decisions and the Psychology of Choice (1981)Risk Within Reason (1990)Risk Perceptions and Pleasure Travel: An Exploratory Analysis (1992)Why gamblers fail to win: A review of cognitive and neuroimaging findings in pathological gambling (2009)The Utility Analysis of Choices Involving Risk (1948)Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine (1953)Rational choice and the structure of the environment. (1956)A Protection Motivation Theory of Fear Appeals and Attitude Change1 (1975)From Intentions to Actions: A Theory of Planned Behavior (1985)Theory of games and economic behavior (2019)The equity premium: A puzzle (1985)Risk Aversion and Incentive Effects (2002)Would a risk-averse newsvendor order less at a higher selling price? (2008)Decision making under risk in Deal or No Deal (2009)WHO REALLY WANTS TO BE A MILLIONAIRE? ESTIMATES OF RISK AVERSION FROM GAMESHOW DATA (2013)Prospect theory: An analysis of decision under risk (1988)Advances in prospect theory: Cumulative representation of uncertainty (1992)Preference Heterogeneity in Experiments: Comparing the Field and Laboratory (2007)The Evolutionary Foundations of Preferences (2011)Handbook of Experimental Economic Methodology (2015)Modellbildung in den Sozialwissenschaften (2014)The happiness of economists: Estimating the causal effect of studying economics on subjective well-being (2014)Prospect Theory Versus Expected Utility Theory: Assumptions, Predictions, Intuition and Modelling of Risk Attitudes (2017)Handbook of Emotions (1993)Well-being : the foundations of hedonic psychology (1999)Investor Psychology and Asset Pricing (2001)The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence (1985)Theory of Financial Decision Making. (1988)Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework (1989)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)Linking Measured Risk Aversion to Individual Characteristics (2002)Long–Term Orientation and Intertemporal Choice in Family Firms (2011)What you Should Know about Megaprojects and Why: An Overview (2014)On the measurement of inequality (1970)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

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1954The theory of decision making.2,708 cited
  • 1952The Utility of Wealth1,845 cited
  • 1982"Expected Utility" Analysis without the Independence Axiom1,518 cited
  • 2000Prospect Theory: An Analysis of Decision under Risk922 cited
  • 2006Small- and large-stakes risk aversion: implications of concavity calabration for decision theory119 cited
  • 1987Decision-Making in the Presence of Risk109 cited
  • 2006Rejecting small gambles under expected utility71 cited
  • 2005Lecture Notes in Microeconomic Theory: The Economic Agent66 cited
  • 2005Small- and large-stakes risk aversion: Implications of concavity calibration for decision theory35 cited
  • 2014Buying and selling price for risky lotteries and expected utility theory with gambling wealth16 cited
  • 2011On mental transformations.14 cited
  • 2009Risk Attitudes, Buying and Selling Price for a Lottery and Simple Strategies7 cited
  • 2009On Mental Transformations4 cited

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