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Looking at prospect theory
16 references·16 citing·29 second hopsampled
Looking at prospect theory (2010)Looking at prospect theoryA risk/return paradox for strategic management (2011)A risk/return paradox for str…Prospect Theory, Behavioral Theory, and the Threat-Rigidity Thesis: Combinative Effects on Organizational Decisions to Divest Formerly Acquired Units (2007)Prospect Theory, Behavioral T…Loss Aversion Under Prospect Theory: A Parameter-Free Measurement (2007)Loss Aversion Under Prospect …Timid Choices and Bold Forecasts: A Cognitive Perspective on Risk Taking (2000)Timid Choices and Bold Foreca…A Behavioral Agency Model of Managerial Risk Taking (1998)A Behavioral Agency Model of …STRATEGIC REFERENCE POINT THEORY (1996)STRATEGIC REFERENCE POINT THE…Timid Choices and Bold Forecasts: A Cognitive Perspective on Risk Taking (1993)Timid Choices and Bold Foreca…Advances in prospect theory: Cumulative representation of uncertainty (1992)Advances in prospect theory: …Prospect theory: An analysis of decision under risk (1988)Prospect theory: An analysis …ATTITUDES TOWARD RISK AND THE RISK-RETURN PARADOX: PROSPECT THEORY EXPLANATIONS. (1988)ATTITUDES TOWARD RISK AND THE…Managerial Perspectives on Risk and Risk Taking (1987)Managerial Perspectives on Ri…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…Managing the Resource Allocation Process: A Study of Corporate Planning and Investment. (1971)Managing the Resource Allocat…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…A Behavioral Theory of the Firm. (1964)A Behavioral Theory of the Fi…Best Among the Worst or Worst Among the Best ? Socioemotional Wealth and Risk-Performance Returns for Family and Non-family Firms Under Financial Distress (2021)Best Among the Worst or Worst…Nonfinancial Considerations in Eco‐Innovation Decisions: The Role of Family Ownership and Reputation Concerns (2020)Nonfinancial Considerations i…Internationalisation and risk: Literature review, integrative framework and research agenda (2020)Internationalisation and risk…Performance feedback, financial slack and the innovation behavior of firms (2019)Performance feedback, financi…Socio‐Emotional Wealth Separation and Decision‐Making Quality in Family Firm TMTs: The Moderating Role of Psychological Safety (2017)Socio‐Emotional Wealth Separa…Portfolio Entrepreneurship as a Mixed Gamble: A Winning Bet for Family Entrepreneurs in SMEs (2017)Portfolio Entrepreneurship as…CEO Risk-Taking and Socioemotional Wealth: The Behavioral Agency Model, Family Control, and CEO Option Wealth (2017)CEO Risk-Taking and Socioemot…Variable risk preferences in new firm growth and survival (2016)Variable risk preferences in …Is R & D risky? (2016)Is R & D risky?Organizational Routines as Patterns of Action: Implications for Organizational Behavior (2015)Organizational Routines as Pa…Going short‐term or long‐term? CEO stock options and temporal orientation in the presence of slack (2015)Going short‐term or long‐term…A Closer Look at Socioemotional Wealth: Its Flows, Stocks, and Prospects for Moving Forward (2015)A Closer Look at Socioemotion…EXPLORING THE RELATIONSHIP BETWEEN (2014)EXPLORING THE RELATIONSHIP BE…Looking Backward Instead of Forward: Aspiration-Driven Influences on the Efficiency of the Capital Allocation Process (2012)Looking Backward Instead of F…Avoiding the risk of responsibility by seeking uncertainty: Responsibility aversion and preference for indirect agency when choosing for others (2011)Avoiding the risk of responsi…A Prospect Theory Model of Resource Allocation (2009)A Prospect Theory Model of Re…Judgment under Uncertainty: Heuristics and Biases (1975)Representativeness Revisited: Attribute Substitution in Intuitive Judgment (2002)A perspective on judgment and choice: Mapping bounded rationality. (2003)Maps of Bounded Rationality: Psychology for Behavioral Economics (2003)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Socioemotional Wealth and Business Risks in Family-controlled Firms: Evidence from Spanish Olive Oil Mills (2007)A framework of sustainable supply chain management: moving toward new theory (2008)Socioemotional Wealth in Family Firms (2012)Risk, Ambiguity, and the Savage Axioms (1961)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)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Reconceptualizing the Determinants of Risk Behavior (1992)Overconfidence and Excess Entry: An Experimental Approach (1999)A domain‐specific risk‐attitude scale: measuring risk perceptions and risk behaviors (2002)Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)Individual differences in reasoning: Implications for the rationality debate? (2000)The Diffusion of Innovations among the American States (1969)Strategic flexibility in product competition (1995)The Foundations of Enterprise Performance: Dynamic and Ordinary Capabilities in an (Economic) Theory of Firms (2014)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)Investor Psychology and Asset Pricing (2001)Flawed Self-Assessment (2004)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
  • 1992Advances in prospect theory: Cumulative representation of uncertainty15,457 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1987Managerial Perspectives on Risk and Risk Taking3,198 cited
  • 1993Timid Choices and Bold Forecasts: A Cognitive Perspective on Risk Taking2,041 cited
  • 1998A Behavioral Agency Model of Managerial Risk Taking1,591 cited
  • 2000Timid Choices and Bold Forecasts: A Cognitive Perspective on Risk Taking1,277 cited
  • 1964A Behavioral Theory of the Firm.1,092 cited
  • 2007Loss Aversion Under Prospect Theory: A Parameter-Free Measurement786 cited
  • 1988ATTITUDES TOWARD RISK AND THE RISK-RETURN PARADOX: PROSPECT THEORY EXPLANATIONS.678 cited
  • 1971Managing the Resource Allocation Process: A Study of Corporate Planning and Investment.624 cited
  • 2011A risk/return paradox for strategic management593 cited
  • 1996STRATEGIC REFERENCE POINT THEORY457 cited

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2007
Prospect Theory, Behavioral Theory, and the Threat-Rigidity Thesis: Combinative Effects on Organizational Decisions to Divest Formerly Acquired Units
392 cited

Cited by

  • 2015A Closer Look at Socioemotional Wealth: Its Flows, Stocks, and Prospects for Moving Forward245 cited
  • 2012Looking Backward Instead of Forward: Aspiration-Driven Influences on the Efficiency of the Capital Allocation Process184 cited
  • 2017CEO Risk-Taking and Socioemotional Wealth: The Behavioral Agency Model, Family Control, and CEO Option Wealth181 cited
  • 2016Is R & D risky?153 cited
  • 2015Going short‐term or long‐term? CEO stock options and temporal orientation in the presence of slack147 cited
  • 2020Internationalisation and risk: Literature review, integrative framework and research agenda128 cited
  • 2016Variable risk preferences in new firm growth and survival119 cited
  • 2015Organizational Routines as Patterns of Action: Implications for Organizational Behavior116 cited
  • 2020Nonfinancial Considerations in Eco‐Innovation Decisions: The Role of Family Ownership and Reputation Concerns112 cited
  • 2017Socio‐Emotional Wealth Separation and Decision‐Making Quality in Family Firm TMTs: The Moderating Role of Psychological Safety108 cited
  • 2011Avoiding the risk of responsibility by seeking uncertainty: Responsibility aversion and preference for indirect agency when choosing for others99 cited
  • 2014EXPLORING THE RELATIONSHIP BETWEEN98 cited
  • 2019Performance feedback, financial slack and the innovation behavior of firms93 cited
  • 2017Portfolio Entrepreneurship as a Mixed Gamble: A Winning Bet for Family Entrepreneurs in SMEs90 cited
  • 2009A Prospect Theory Model of Resource Allocation86 cited
  • 2021Best Among the Worst or Worst Among the Best ? Socioemotional Wealth and Risk-Performance Returns for Family and Non-family Firms Under Financial Distress77 cited