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Risk Aversion, Entrepreneurial Risk, and Portfolio Selection
16 references·1 citing·47 second hop
Risk Aversion, Entrepreneurial Risk, and Portfolio Selection (2009)Risk Aversion, Entrepreneurial Risk, and …Equity Portfolio Diversification (2008)Equity Portfolio Diversificat…Heuristics and Biases in Retirement Savings Behavior (2007)Heuristics and Biases in Reti…Household Finance (2006)Household FinanceConsumption and Portfolio Choice over the Life Cycle (2005)Consumption and Portfolio Cho…Perspectives on Behavioral Finance: Does "Irrationality" Disappear with Wealth? 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(2003)Market Frictions, Price Delay, and the Cross-Section of Expected Returns (2005)Entrepreneurship, Frictions, and Wealth (2006)Availability: A heuristic for judging frequency and probability (1973)A Simple Model of Capital Market Equilibrium with Incomplete Information (1987)Industry costs of equity (1997)Just How Much Do Individual Investors Lose by Trading? (2008)Presidential Address: The Cost of Active Investing (2008)The Behavior of Individual Investors (2013)The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior (2001)Trusting the Stock Market (2005)Baby Boomer retirement security: The roles of planning, financial literacy, and housing wealth (2007)Financial Literacy and Stock Market Participation (2007)The Economic Importance of Financial Literacy: Theory and Evidence (2014)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)Representativeness Revisited: Attribute Substitution in Intuitive Judgment (2002)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)
this work references cited by second hop

References

  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1988RATIONAL CHOICE AND THE FRAMING OF DECISIONS3,712 cited
  • 1986Rational Choice and the Framing of Decisions3,624 cited
  • 2006Household Finance2,391 cited
  • 1979A General Equilibrium Entrepreneurial Theory of Firm Formation Based on Risk Aversion1,919 cited
  • 2005Consumption and Portfolio Choice over the Life Cycle1,544 cited
  • 2008Equity Portfolio Diversification1,221 cited
  • 1977THE DEMAND FOR RISKY ASSETS1,052 cited
  • 2000Portfolio Choice and Asset Prices: The Importance of Entrepreneurial Risk1,042 cited
  • 1995Using cognitive theory to explain entrepreneurial risk-taking: Challenging conventional wisdom1,000 cited
  • 2007Heuristics and Biases in Retirement Savings Behavior931 cited
  • 1988Entrepreneurs' Perceived Chances for Success922 cited
  • 1991Standard Risk Aversion851 cited
  • 2003Perspectives on Behavioral Finance: Does "Irrationality" Disappear with Wealth? Evidence from Expectations and Actions627 cited
  • 1992Asset Allocation and Individual Risk Aversion

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  • 2010Concept of self-employment16 cited