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Normative Theories of Decision Making under Risk and under Uncertainty
16 references·7 citing·20 second hop
Normative Theories of Decision Making under Risk and under Uncertainty (1988)Normative Theories of Decision Making und…Theory of games and economic behavior (2019)Theory of games and economic …American Economic Review (2019)American Economic ReviewGames and Decisions (2015)Games and DecisionsSubjective probability and expected utility without additivity (2004)Subjective probability and ex…Prospect theory: An analysis of decision under risk (1988)Prospect theory: An analysis …Regret Theory: An Alternative Theory of Rational Choice Under Uncertainty (1982)Regret Theory: An Alternative…Regret in Decision Making under Uncertainty (1982)Regret in Decision Making und…Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Utility Theory for Decision Making (1971)Utility Theory for Decision M…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Risk, Ambiguity, and the Savage Axioms (1961)Risk, Ambiguity, and the Sava…The theory of decision making. (1954)The theory of decision making.Exposition of a New Theory on the Measurement of Risk (1954)Exposition of a New Theory on…Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine (1953)Le Comportement de l'Homme Ra…The Utility Analysis of Choices Involving Risk (1948)The Utility Analysis of Choic…Following the traces: (2004)Following the traces:Consumers' information search when making investment decisions (2002)Consumers' information search…Evaluation and Decision Models A Critical Perspective (2000)Evaluation and Decision Model…Children's judgements of gambles: a disordinal violation of utility (2000)Children's judgements of gamb…The Life Course: Models and Analysis (1999)The Life Course: Models and A…Instrumental or emotional evaluations: What determines preferences? (1996)Instrumental or emotional eva…A multi-stage multi-attribute decision model for project selection (1989)A multi-stage multi-attribute…The Framing of Decisions and the Psychology of Choice (1981)Individual differences in reasoning: Implications for the rationality debate? (2000)Risk as feelings. (2001)Judgment under Uncertainty: Heuristics and Biases (1975)Exploration and Exploitation in Organizational Learning (1991)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)The Evolution of Reciprocal Altruism (1971)Characteristics of Organizational Environments and Perceived Environmental Uncertainty (1972)The New Institutionalism: Organizational Factors in Political Life (1983)Advances in prospect theory: Cumulative representation of uncertainty (1992)Toward a positive theory of consumer choice (1980)Non-cooperative games (1989)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)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)Upper Echelons: The Organization as a Reflection of Its Top Managers (1984)The Relational View: Cooperative Strategy and Sources of Interorganizational Competitive Advantage (1998)The Promise of Entrepreneurship as a Field of Research (2000)
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References

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
  • 1988Prospect theory: An analysis of decision under risk32,475 cited
  • 2019Theory of games and economic behavior16,630 cited
  • 2019American Economic Review10,902 cited
  • 1961Risk, Ambiguity, and the Savage Axioms7,892 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1953Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine4,117 cited
  • 1982Regret Theory: An Alternative Theory of Rational Choice Under Uncertainty4,041 cited
  • 2015Games and Decisions3,632 cited
  • 1948The Utility Analysis of Choices Involving Risk3,097 cited
  • 1982Regret in Decision Making under Uncertainty2,990 cited
  • 1954Exposition of a New Theory on the Measurement of Risk2,787 cited
  • 1954The theory of decision making.2,708 cited
  • 2004Subjective probability and expected utility without additivity2,510 cited
  • 1971Utility Theory for Decision Making

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Cited by

  • 2000Evaluation and Decision Models A Critical Perspective90 cited
  • 1999The Life Course: Models and Analysis79 cited
  • 2002Consumers' information search when making investment decisions62 cited
  • 1989A multi-stage multi-attribute decision model for project selection48 cited
  • 1996Instrumental or emotional evaluations: What determines preferences?38 cited
  • 2000Children's judgements of gambles: a disordinal violation of utility33 cited
  • 2004Following the traces:18 cited