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Preference conditions for utility models:A risk-value perspective
16 references·5 citing·32 second hop
Preference conditions for utility models:A risk-value perspective (1998)Preference conditions for utility models:…Relative risk—value models (1997)Relative risk—value modelsMultiattribute Utility Theory Without Expected Utility Foundations (1996)Multiattribute Utility Theory…A Standard Measure of Risk and Risk-Value Models (1996)A Standard Measure of Risk an…Risk, Return, and Utility (1995)Risk, Return, and UtilityA Contextual Uncertainty Condition for Behavior Under Risk (1995)A Contextual Uncertainty Cond…Decisions with Multiple Objectives: Preferences and Value Tradeoffs. (1994)Decisions with Multiple Objec…Risk-value models (1993)Risk-value modelsMean-Variance Analysis in Portfolio Choice and Capital Markets. (1989)Mean-Variance Analysis in Por…One-Switch Utility Functions and a Measure of Risk (1988)One-Switch Utility Functions …A Class of Utility Functions Containing all the Common Utility Functions (1987)A Class of Utility Functions …Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Aspects of the Theory of Risk Bearing--Yrjo Jahnsson Lectures (1969)Aspects of the Theory of Risk…Aspects of the Theory of Risk-Bearing. (1966)Aspects of the Theory of Risk…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…A general theory of measurement applications to utility (1959)A general theory of measureme…Theory of Games and Economic Behavior (1945)Theory of Games and Economic …Determining attribute weights to improve solution reliability and its application to selecting leading industries (2014)Determining attribute weights…Axiomatic Measures of Risk and Risk‐Value Models (2014)Axiomatic Measures of Risk an…Axiomatic Models of Perceived Risk (2011)Axiomatic Models of Perceived…Decision Making Based on Risk-Value Tradeoffs (2009)Decision Making Based on Risk…Axiomatic Models of Perceived Risk (2008)Axiomatic Models of Perceived…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)New Buyers' Arrival Under Dynamic Pricing Market Microstructure: The Case of Group-Buying Discounts on the Internet (2001)Modeling uncertainty in multi-criteria decision analysis (2012)Travel Anxiety, Risk Attitude and Travel Intentions towards “Travel Bubble” Destinations in Hong Kong: Effect of the Fear of COVID-19 (2020)Stationary Ordinal Utility and Impatience (1960)Discounting an uncertain future (2002)Time Horizon and the Discount Rate (2002)Robust Mean-Covariance Solutions for Stochastic Optimization (2007)Foundations of Portfolio Theory (1991)Asset pricing with liquidity risk (2005)An Engine, Not a Camera (2006)Conjoint Analysis in Consumer Research: Issues and Outlook (1978)Risk management in a dynamic society: a modelling problem (1997)Best-worst multi-criteria decision-making method (2014)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)On the measurement of inequality (1970)Risk Aversion and Incentive Effects (2002)The Stochastic Programming Approach to Asset, Liability, and Wealth Management (2003)Turnover Intentions and Voluntary Turnover: The Moderating Roles of Self-Monitoring, Locus of Control, Proactive Personality, and Risk Aversion. (2005)Teams take the better risks (2006)Guarantees and Risk-Sharing (1977)Increasing Generalized Correlation: A Definition and Some Economic Consequences (1980)Aspects of Rational Insurance Purchasing (1992)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)Representative design and probabilistic theory in a functional psychology. (1955)Features of similarity. (1977)Evolutionary game dynamics (2003)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

  • 1994Decisions with Multiple Objectives: Preferences and Value Tradeoffs.8,369 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1945Theory of Games and Economic Behavior4,006 cited
  • 1966Aspects of the Theory of Risk-Bearing.1,888 cited
  • 1989Mean-Variance Analysis in Portfolio Choice and Capital Markets.1,160 cited
  • 1993Risk-value models217 cited
  • 1995Risk, Return, and Utility198 cited
  • 1969Aspects of the Theory of Risk Bearing--Yrjo Jahnsson Lectures174 cited
  • 1988One-Switch Utility Functions and a Measure of Risk151 cited
  • 1996A Standard Measure of Risk and Risk-Value Models139 cited
  • 1987A Class of Utility Functions Containing all the Common Utility Functions136 cited
  • 1959A general theory of measurement applications to utility135 cited
  • 1996Multiattribute Utility Theory Without Expected Utility Foundations63 cited
  • 1995A Contextual Uncertainty Condition for Behavior Under Risk34 cited
  • 1997Relative risk—value models

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  • 2014Determining attribute weights to improve solution reliability and its application to selecting leading industries45 cited
  • 2009Decision Making Based on Risk-Value Tradeoffs2 cited
  • 2008Axiomatic Models of Perceived Risk1 cited
  • 2011Axiomatic Models of Perceived Risk1 cited
  • 2014Axiomatic Measures of Risk and Risk‐Value Models0 cited