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Risk Avoidance and Risk Taking under Uncertainty: A Graphical Analysis
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Risk Avoidance and Risk Taking under Uncertainty: A Graphical Analysis (2008)Risk Avoidance and Risk Taking under Unce…Microeconomic analysis (2022)Microeconomic analysisTheory of games and economic behavior (2019)Theory of games and economic …UNCERTAINTY AND THE WELFARE ECONOMICS OF MEDICAL CARE (2003)UNCERTAINTY AND THE WELFARE E…The Analytics of Uncertainty and Information (1992)The Analytics of Uncertainty …Aspects of Rational Insurance Purchasing (1992)Aspects of Rational Insurance…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information (1976)Equilibrium in Competitive In…Participation in Illegitimate Activities: A Theoretical and Empirical Investigation (1973)Participation in Illegitimate…Market Insurance, Self-Insurance, and Self-Protection (1972)Market Insurance, Self-Insura…Aspects of Rational Insurance Purchasing (1968)Aspects of Rational Insurance…Investment Decision under Uncertainty: Applications of the State-Preference Approach (1966)Investment Decision under Unc…Aspects of the Theory of Risk-Bearing. (1966)Aspects of the Theory of Risk…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…The Utility Analysis of Choices Involving Risk (1948)The Utility Analysis of Choic…The Theory of Games and Economic Behavior (1945)The Theory of Games and Econo…Essays in the Theory of Risk-Bearing. (1972)Job Market Signaling (1973)The Economics of Caste and of the Rat Race and Other Woeful Tales (1976)Health insurance and the demand for medical care: evidence from a randomized experiment. (1987)Liberalization, Moral Hazard in Banking, and Prudential Regulation: Are Capital Requirements Enough? (2000)Signaling in Retrospect and the Informational Structure of Markets (2002)Crime, Punishment, and the Market for Offenses (1996)Economic foundations of cost-effectiveness analysis (1997)Equality of Opportunity (1998)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)On the measurement of inequality (1970)Risk Aversion and Incentive Effects (2002)Why Is There More Crime in Cities? (1996)Inequality and Violent Crime (2002)Education, Poverty and Terrorism: Is There a Causal Connection? (2003)Toward a positive theory of consumer choice (1980)Prospect theory: An analysis of decision under risk (1988)Risk as feelings. (2001)Non-cooperative games (1989)Frontiers in Group Dynamics (1947)A Method for Evaluating the Distribution of Power in a Committee System (1954)Measurement of health state utilities for economic appraisal (1986)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)The Theory of Incentives: The Principal-Agent Model (2001)Information and the Change in the Paradigm in Economics (2002)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

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  • 1966Investment Decision under Uncertainty: Applications of the State-Preference Approach

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