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Human Capital and Popular Investment Advice
16 references·0 citing·41 second hop
Human Capital and Popular Investment Advice (2005)Human Capital and Popular Investment Advi…Nonmarketable assets and capital market equilibrium under uncertainty (2016)Nonmarketable assets and capi…Triumph of the optimists: 101 years of global investment returns (2003)Triumph of the optimists: 101…Triumph of the Optimists (2002)Triumph of the OptimistsStrategic Asset Allocation (2002)Strategic Asset AllocationWho Should Buy Long-Term Bonds? (2001)Who Should Buy Long-Term Bond…Risk Aspects of Investment-Based Social Security Reform (2001)Risk Aspects of Investment-Ba…Optimal Portfolio Choice for Long‐Horizon Investors with Nontradable Labor Income (2001)Optimal Portfolio Choice for …Portfolio Choice and Asset Prices: The Importance of Entrepreneurial Risk (2000)Portfolio Choice and Asset Pr…How Do Household Portfolio Shares Vary with Age (2000)How Do Household Portfolio Sh…Optimal Portfolio Choice for Long-Horizon Investors with Nontradable Labor Income (1999)Optimal Portfolio Choice for …Why Should Older People Invest Less in Stocks Than Younger People? (1996)Why Should Older People Inves…An Asset Allocation Puzzle (1994)An Asset Allocation PuzzleLabor Supply Flexibility and Portfolio Choice in a Life-Cycle Model (1992)Labor Supply Flexibility and …Labor supply flexibility and portfolio choice in a life cycle model (1992)Labor supply flexibility and …A Random Walk Down Wall Street (1973)A Random Walk Down Wall StreetLiquidity Preference as Behavior Towards Risk (1958)Liquidity Preference as Behav…Size and Book-to-Market Factors in Earnings and Returns (1995)Value versus Growth: The International Evidence (1998)Chapter 13 Consumption-based asset pricing (2003)Is size dead? A review of the size effect in equity returns (2011)Predictive regressions with time-varying coefficients (2012)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)Status quo bias in decision making (1988)Owner-Occupied Housing and the Composition of the Household Portfolio (2002)Stock return predictability and model uncertainty (2002)Perspectives on Behavioral Finance: Does "Irrationality" Disappear with Wealth? Evidence from Expectations and Actions (2003)The Econometrics of Financial Markets (2012)An equilibrium characterization of the term structure (1977)A Theory of the Term Structure of Interest Rates (1985)A multivariate model of strategic asset allocation (2002)Household Risk Management and Optimal Mortgage Choice (2003)The Term Structure of Real Rates and Expected Inflation (2007)Optimum consumption and portfolio rules in a continuous-time model (1971)Asset Prices in an Exchange Economy (1978)Common risk factors in the returns on stocks and bonds (1993)Idiosyncratic Risk Matters! (2003)Market Frictions, Price Delay, and the Cross-Section of Expected Returns (2005)Entrepreneurship, Frictions, and Wealth (2006)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Prospect Theory: An Analysis of Decision under Risk (1979)On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks (1993)Predicting the Equity Premium with Dividend Ratios (2003)Dynamic Mean-Variance Asset Allocation (2010)Precautionary Saving in the Small and in the Large (1990)Saving and Liquidity Constraints (1991)Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis (1997)Optimal life cycle asset allocation : understanding the empirical evidence (2005)Hedging, Familiarity and Portfolio Choice (2006)Norm theory: Comparing reality to its alternatives. (1986)Investor Sentiment and the Closed‐End Fund Puzzle (1991)An Engine, Not a Camera (2006)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (1973)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)Portfolio Choice in the Presence of Housing (2004)Crises and Recoveries in an Empirical Model of Consumption Disasters (2013)Household Finance: An Emerging Field (2013)
this work references cited by second hop

References

  • 1958Liquidity Preference as Behavior Towards Risk3,916 cited
  • 1973A Random Walk Down Wall Street1,743 cited
  • 2002Strategic Asset Allocation1,279 cited
  • 1992Labor supply flexibility and portfolio choice in a life cycle model1,136 cited
  • 2000Portfolio Choice and Asset Prices: The Importance of Entrepreneurial Risk1,042 cited
  • 2001Optimal Portfolio Choice for Long‐Horizon Investors with Nontradable Labor Income755 cited
  • 2002Triumph of the Optimists659 cited
  • 2001Who Should Buy Long-Term Bonds?624 cited
  • 2003Triumph of the optimists: 101 years of global investment returns585 cited
  • 2000How Do Household Portfolio Shares Vary with Age550 cited
  • 1994An Asset Allocation Puzzle423 cited
  • 1992Labor Supply Flexibility and Portfolio Choice in a Life-Cycle Model360 cited
  • 1996Why Should Older People Invest Less in Stocks Than Younger People?348 cited
  • 1999Optimal Portfolio Choice for Long-Horizon Investors with Nontradable Labor Income257 cited
  • 2001Risk Aspects of Investment-Based Social Security Reform214 cited
  • 2016Nonmarketable assets and capital market equilibrium under uncertainty

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