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Payoff Kinks in Preferences Over Lotteries
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Payoff Kinks in Preferences Over Lotteries (2000)Payoff Kinks in Preferences Over LotteriesSubjective probability and expected utility without additivity (2004)Subjective probability and ex…Prospect Theory: An Analysis of Decision under Risk (2000)Prospect Theory: An Analysis …Subjective Probability and Expected Utility without Additivity (1989)Subjective Probability and Ex…The Dual Theory of Choice under Risk (1987)The Dual Theory of Choice und…Expected utility with purely subjective non-additive probabilities (1987)Expected utility with purely …Rational Choice and the Framing of Decisions (1986)Rational Choice and the Frami…A theory of anticipated utility (1982)A theory of anticipated utili…"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 …Market Insurance, Self-Insurance, and Self-Protection (1972)Market Insurance, Self-Insura…The Role of Securities in the Optimal Allocation of Risk-bearing (1964)The Role of Securities in the…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Portfolio Selection: Efficient Diversification of Investments. (1962)Portfolio Selection: Efficien…The Utility of Wealth (1952)The Utility of WealthThe Utility Analysis of Choices Involving Risk (1948)The Utility Analysis of Choic…Proportional Income Taxation and Risk-Taking (1944)Proportional Income Taxation …Does Uncertainty Vanish in the Small? The Smooth Ambiguity Case (2011)Does Uncertainty Vanish in th…Ellsberg`s 2-Color Experiment, Bid-Ask Behavior and Ambiguity (2002)Ellsberg`s 2-Color Experiment…Prospect theory: An analysis of decision under risk (1988)RATIONAL CHOICE AND THE FRAMING OF DECISIONS (1988)Advances in prospect theory: Cumulative representation of uncertainty (1992)Individual differences in reasoning: Implications for the rationality debate? (2000)Theory of games and economic behavior (2019)Utility Theory for Decision Making (1971)Psychology and Economics (1997)Handbook of Emotions (1993)Well-being : the foundations of hedonic psychology (1999)Investor Psychology and Asset Pricing (2001)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)Multifactor Explanations of Asset Pricing Anomalies (1996)Toward a positive theory of consumer choice (1980)Risk as feelings. (2001)Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework (1989)The Framing of Decisions and the Psychology of Choice (1981)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)Recent developments in modeling preferences: Uncertainty and ambiguity (1992)A Smooth Model of Decision Making under Ambiguity (2005)Representativeness Revisited: Attribute Substitution in Intuitive Judgment (2002)A perspective on judgment and choice: Mapping bounded rationality. (2003)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
  • 1986Rational Choice and the Framing of Decisions3,624 cited
  • 1962Portfolio Selection: Efficient Diversification of Investments.3,621 cited
  • 1982A theory of anticipated utility3,136 cited
  • 1948The Utility Analysis of Choices Involving Risk3,097 cited
  • 2004Subjective probability and expected utility without additivity2,510 cited
  • 1987The Dual Theory of Choice under Risk2,426 cited
  • 1989Subjective Probability and Expected Utility without Additivity2,308 cited
  • 1952The Utility of Wealth1,845 cited
  • 1982"Expected Utility" Analysis without the Independence Axiom1,518 cited
  • 1972Market Insurance, Self-Insurance, and Self-Protection1,397 cited
  • 1964The Role of Securities in the Optimal Allocation of Risk-bearing1,172 cited
  • 2000Prospect Theory: An Analysis of Decision under Risk922 cited
  • 1987Expected utility with purely subjective non-additive probabilities818 cited
  • 1944Proportional Income Taxation and Risk-Taking

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Cited by

  • 2011Does Uncertainty Vanish in the Small? The Smooth Ambiguity Case6 cited
  • 2002Ellsberg`s 2-Color Experiment, Bid-Ask Behavior and Ambiguity2 cited