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Who’s Afraid of a Little Risk? New Evidence for General Risk Aversion
16 references·16 citing·24 second hopsampled
Who’s Afraid of a Little Risk? New Evidence for General Risk Aversion (1999)Who’s Afraid of a Little Risk? New Eviden…Trust, Emotion, Sex, Politics, and Science: Surveying the Risk‐Assessment Battlefield (1999)Trust, Emotion, Sex, Politics…You just don't understand: Women and men in conversation (1992)You just don't understand: Wo…You just don't understand : women and men in conversation (1992)You just don't understand : w…Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice (1990)Gambling with the House Money…RATIONAL CHOICE AND THE FRAMING OF DECISIONS (1988)RATIONAL CHOICE AND THE FRAMI…Prospect theory: An analysis of decision under risk (1988)Prospect theory: An analysis …Rational Choice and the Framing of Decisions (1986)Rational Choice and the Frami…Decision analysis and behavioral research (1986)Decision analysis and behavio…Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Essays in the Theory of Risk-Bearing. (1972)Essays in the Theory of Risk-…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)CAPITAL ASSET PRICES: A THEOR…The theory of decision making. (1954)The theory of decision making.Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine (1953)Le Comportement de l'Homme Ra…PORTFOLIO SELECTION* (1952)PORTFOLIO SELECTION*Towards a typology of risk preference: Four risk profiles describe two-thirds of individuals in a large sample of the U.S. population (2022)Towards a typology of risk pr…Towards a typology of risk preference: Four risk profiles describe two thirds of individuals in a large sample of the U.S. population (2020)Towards a typology of risk pr…The Relevance of Subjective Benefits in Risky Choice Across ten Domains of Life (2020)The Relevance of Subjective B…Robust, domain‐specific effects of prior context in risk preferences for pension choice (2018)Robust, domain‐specific effec…Risk taking propensity in pregnancy — Longitudinal study (2017)Risk taking propensity in pre…Age differences in risk: Perceptions, intentions and domains (2014)Age differences in risk: Perc…Individual Risk Propensity and Risk Background (2013)Individual Risk Propensity an…Exploring the impact of evaluating strategic options in a scenario-based multi-criteria framework (2012)Exploring the impact of evalu…INDIVIDUAL DIFFERENCES IN EMOTION AND DECISION- MAKING (2011)INDIVIDUAL DIFFERENCES IN EMO…HOPE, RISK PERCEPTION AND PROPENSITY TO INDEBTEDNESS (2011)HOPE, RISK PERCEPTION AND PRO…Comparison of Risky Decision Making Processes in Dyads and Individuals (2010)Comparison of Risky Decision …The Domain-Specific Risk Taking Scale for Adult Populations: Item selection and preliminary psychometric properties (2009)The Domain-Specific Risk Taki…Who's Afraid of a Poor Old Age? Risk Perception in Risk Management Decisions (2004)Who's Afraid of a Poor Old Ag…ARE KIASUISM AND SINGAPORE 21 DIAMETRICALLY OPPOSED IN INFLUENCING SINGAPOREANS’ DECISION-MAKING? (2002)ARE KIASUISM AND SINGAPORE 21…Models of risk and choice: challenge or danger (2000)Models of risk and choice: ch…Models and mosaics: Investigating cross-cultural differences in risk perception and risk preference (1999)Models and mosaics: Investiga…An Evolutionary Theory of Economic Change. (1983)Advances in prospect theory: Cumulative representation of uncertainty (1992)The effects of feedback interventions on performance: A historical review, a meta-analysis, and a preliminary feedback intervention theory. (1996)A perspective on judgment and choice: Mapping bounded rationality. (2003)Risk, Ambiguity, and the Savage Axioms (1961)Judgment under Uncertainty: Heuristics and Biases (1975)The Framing of Decisions and the Psychology of Choice (1981)Exploration and Exploitation in Organizational Learning (1991)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)Theory of games and economic behavior (2019)Moral Hazard and Observability (1979)The New Institutional Economics: Taking Stock, Looking Ahead (2000)The Pricing of Options and Corporate Liabilities (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Common risk factors in the returns on stocks and bonds (1993)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)Conditional value-at-risk for general loss distributions (2002)Optimal Versus Naive Diversification: How Inefficient is the 1/ N Portfolio Strategy? (2007)The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis (2008)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)
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References

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
  • 1988Prospect theory: An analysis of decision under risk32,475 cited
  • 1964CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*19,431 cited
  • 1952PORTFOLIO SELECTION*13,480 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1953Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine4,117 cited
  • 1972Essays in the Theory of Risk-Bearing.3,991 cited
  • 1988RATIONAL CHOICE AND THE FRAMING OF DECISIONS3,712 cited
  • 1986Rational Choice and the Framing of Decisions3,624 cited
  • 1986Decision analysis and behavioral research3,035 cited
  • 1954The theory of decision making.2,708 cited
  • 1992You just don't understand : women and men in conversation2,589 cited
  • 1990Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice2,378 cited
  • 1992You just don't understand: Women and men in conversation2,253 cited
  • 1999

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Trust, Emotion, Sex, Politics, and Science: Surveying the Risk‐Assessment Battlefield
1,896 cited

Cited by

  • 1999Models and mosaics: Investigating cross-cultural differences in risk perception and risk preference146 cited
  • 2012Exploring the impact of evaluating strategic options in a scenario-based multi-criteria framework64 cited
  • 2000Models of risk and choice: challenge or danger34 cited
  • 2004Who's Afraid of a Poor Old Age? Risk Perception in Risk Management Decisions33 cited
  • 2022Towards a typology of risk preference: Four risk profiles describe two-thirds of individuals in a large sample of the U.S. population18 cited
  • 2020Towards a typology of risk preference: Four risk profiles describe two thirds of individuals in a large sample of the U.S. population13 cited
  • 2014Age differences in risk: Perceptions, intentions and domains10 cited
  • 2009The Domain-Specific Risk Taking Scale for Adult Populations: Item selection and preliminary psychometric properties9 cited
  • 2018Robust, domain‐specific effects of prior context in risk preferences for pension choice7 cited
  • 2002ARE KIASUISM AND SINGAPORE 21 DIAMETRICALLY OPPOSED IN INFLUENCING SINGAPOREANS’ DECISION-MAKING?6 cited
  • 2017Risk taking propensity in pregnancy — Longitudinal study3 cited
  • 2013Individual Risk Propensity and Risk Background2 cited
  • 2020The Relevance of Subjective Benefits in Risky Choice Across ten Domains of Life1 cited
  • 2011HOPE, RISK PERCEPTION AND PROPENSITY TO INDEBTEDNESS0 cited
  • 2010Comparison of Risky Decision Making Processes in Dyads and Individuals0 cited
  • 2011INDIVIDUAL DIFFERENCES IN EMOTION AND DECISION- MAKING0 cited