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An Empirical Analysis of the Intertemporal Stability of Risk Preference
12 references·6 citing·39 second hop
An Empirical Analysis of the Intertemporal Stability of Risk Preference (1983)An Empirical Analysis of the Intertempora…The Expected Utility Model: Its Variants, Purposes, Evidence and Limitations (2007)The Expected Utility Model: I…An Appraisal of Expected Utility Hypothesis Tests Constructed from Responses to Hypothetical Questions and Experimental Choices (1982)An Appraisal of Expected Util…An Interval Approach to Measuring Decision Maker Preferences (1981)An Interval Approach to Measu…AN ANALYSIS OF THE RISK AVERSION OF FARM OPERATORS: AN ASSET PORTFOLIO APPROACH (1981)AN ANALYSIS OF THE RISK AVERS…Attitudes Toward Risk: Experimental Measurement in Rural India (1980)Attitudes Toward Risk: Experi…UTILITY MEASUREMENT FOR THOSE WHO NEED TO KNOW (1978)UTILITY MEASUREMENT FOR THOSE…Risk Attitudes of Subsistence Farmers in Northeast Brazil: A Sampling Approach (1978)Risk Attitudes of Subsistence…Choice among distributions (1977)Choice among distributionsRisk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…An Empirical Test of Utility vs. Profit Maximization in Agricultural Production (1974)An Empirical Test of Utility …Utility Analysis in a Practical Setting (1968)Utility Analysis in a Practic…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Intertemporal stability of survey‐based measures of risk and time preferences (2021)Intertemporal stability of su…Almost Stochastic Dominance for Most Risk-Averse Decision Makers (2020)Almost Stochastic Dominance f…Are Risk Attitudes Fixed Factors or Fleeting Feelings? (2018)Are Risk Attitudes Fixed Fact…DIE METING VAN BESPROEIINGSBOERE SE ABSOLUTE RISIKOVERMYDINGSKOËFFISIËNTE MET BEHULP VAN DIE INTERVALMETODE: DIE IMPLIKASIES VAN SKAALAANPASSINGS / Measuring irrigation farmers' absolute risk-aversion coefficients by means of the interval approach: The implications of scale adjustments (1993)DIE METING VAN BESPROEIINGSBO…An expert system to elicit risks preferences: The futility of utility revisited (1990)An expert system to elicit ri…Distinguishing Between Initial and Final Outcome Variables to Predict Choices Under Risk or Why Woody Chip Went to the Air (1983)Distinguishing Between Initia…Agricultural Decision Analysis (1977)THE DEMAND FOR RISKY ASSETS (1977)Some Econometric Problems in the Measurement of Utility (1984)Prospect Theory and Risk Preferences of Oregon Seed Producers (1991)The Framing of Decisions and the Psychology of Choice (1981)The precaution adoption process. (1988)The magical number seven, plus or minus two: Some limits on our capacity for processing information. (1994)Not just for the money: an economic theory of personal motivation (1997)Contemporary Guidance for Stated Preference Studies (2017)Theory of games and economic behavior (2019)Essays in the Theory of Risk-Bearing. (1972)Risk Preferences of Agricultural Producers: Their Use in Extension and Research (1979)Research Bibliography—Stochastic Dominance: A Research Bibliography (1982)Interpretation and Transformation of Scale for the Pratt-Arrow Absolute Risk Aversion Coefficient: Implications for Stochastic Dominance (1985)The Utility Analysis of Choices Involving Risk (1948)Portfolio Selection: Efficient Diversification of Investments (1959)Rules for Ordering Uncertain Prospects (1969)AN EMPIRICAL TEST OF THE INTERVAL APPROACH FOR ESTIMATING RISK PREFERENCES (1983)Risk Analysis with Single‐Index Portfolio Models: An Application to Farm Planning (1986)Assisting whole-farm decision-making through stochastic budgeting (2003)Safety First and the Holding of Assets (1952)The Measurement of Productive Efficiency (1957)Transforming Traditional Agriculture. (1964)Production Economics and Farm Management: a Century of Contributions (2010)Design considerations of a choice experiment to estimate likely participation by north Australian pastoralists in contractual biodiversity conservation. (2014)Risk, Uncertainty and Profit (1921)An Empirical Application and Evaluation of Discrete Stochastic Programming in Farm Management (1971)RISK ATTITUDES AMONGST AUSTRALIAN FARMERS (1980)Risk Aversion and Incentive Effects (2002)Field Experiments (2004)INDIVIDUAL RISK ATTITUDES: MEASUREMENT, DETERMINANTS, AND BEHAVIORAL CONSEQUENCES (2011)Measuring the economic inefficiency of Nepalese rice farms using data envelopment analysis (2004)On the measurement of risk aversion from experimental data (2004)Financial Intermediation and Delegated Monitoring (1984)Prospect theory: An analysis of decision under risk (1988)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)
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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
  • 1980Attitudes Toward Risk: Experimental Measurement in Rural India1,620 cited
  • 2007The Expected Utility Model: Its Variants, Purposes, Evidence and Limitations1,428 cited
  • 1978Risk Attitudes of Subsistence Farmers in Northeast Brazil: A Sampling Approach271 cited
  • 1974An Empirical Test of Utility vs. Profit Maximization in Agricultural Production257 cited
  • 1977Choice among distributions250 cited
  • 1968Utility Analysis in a Practical Setting135 cited
  • 1981An Interval Approach to Measuring Decision Maker Preferences129 cited
  • 1978UTILITY MEASUREMENT FOR THOSE WHO NEED TO KNOW48 cited
  • 1982An Appraisal of Expected Utility Hypothesis Tests Constructed from Responses to Hypothetical Questions and Experimental Choices40 cited
  • 1981AN ANALYSIS OF THE RISK AVERSION OF FARM OPERATORS: AN ASSET PORTFOLIO APPROACH36 cited

Cited by

  • 2018Are Risk Attitudes Fixed Factors or Fleeting Feelings?12 cited
  • 1983Distinguishing Between Initial and Final Outcome Variables to Predict Choices Under Risk or Why Woody Chip Went to the Air8 cited
  • 2020

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Almost Stochastic Dominance for Most Risk-Averse Decision Makers
7 cited
  • 2021Intertemporal stability of survey‐based measures of risk and time preferences4 cited
  • 1993DIE METING VAN BESPROEIINGSBOERE SE ABSOLUTE RISIKOVERMYDINGSKOËFFISIËNTE MET BEHULP VAN DIE INTERVALMETODE: DIE IMPLIKASIES VAN SKAALAANPASSINGS / Measuring irrigation farmers' absolute risk-aversion coefficients by means of the interval approach: The implications of scale adjustments2 cited
  • 1990An expert system to elicit risks preferences: The futility of utility revisited1 cited