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Risk attitude under two alternative theories of choice under risk
16 references·10 citing·21 second hop
Risk attitude under two alternative theories of choice under risk (1988)Risk attitude under two alternative theor…The Expected Utility Model: Its Variants, Purposes, Evidence and Limitations (2007)The Expected Utility Model: I…Prospect theory: An analysis of decision under risk (1988)Prospect theory: An analysis …Risk Premiums for Decision Regret (1983)Risk Premiums for Decision Re…Regret Theory: An Alternative Theory of Rational Choice Under Uncertainty (1982)Regret Theory: An Alternative…Regret in Decision Making under Uncertainty (1982)Regret in Decision Making und…Nontransitive measurable utility (1982)Nontransitive measurable util…A theory of anticipated utility (1982)A theory of anticipated utili…"Expected Utility" Analysis without the Independence Axiom (1982)"Expected Utility" Analysis w…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-…Intransitivity of preferences. (1969)Intransitivity of preferences.Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…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…Theory of Games and Economic Behavior (1947)Theory of Games and Economic …Theory of Games and Economic Behavior (1945)Theory of Games and Economic …Measuring the degree to which probability weighting affects risk-taking Behavior in financial decisions (2012)Measuring the degree to which…Applications of Behavioral Finance to Entrepreneurs and Venture Capitalists: Decision Making Under Risk and Uncertainty in Futures and Options Markets (2010)Applications of Behavioral Fi…Advances in Entrepreneurial Finance (2010)Advances in Entrepreneurial F…Risk Attitude (2008)Risk AttitudePayoff Kinks in Preferences over Lotteries (2001)Payoff Kinks in Preferences o…Risk and Uncertainty Aversion with Reference to the Theories Of Expected Utility, Rank Dependent Expected Utility, and Choquet Expected Utility. (1999)Risk and Uncertainty Aversion…The Impact of Framing Effects on the Risks Taxpayers take when Filing Income Tax Returns: A New Zealand Replication of a Prospect Theory-based Laboratory Experiment (1998)The Impact of Framing Effects…Uncertainty aversion and aversion to increasing uncertainty (1996)Uncertainty aversion and aver…Multisymmetric structures and non-expected utility (1992)Multisymmetric structures and…Dynamics of Choice Behavior: The Logical Relation between Linear Objective Probability and Nonlinear Subjective Probability (1989)Dynamics of Choice Behavior: …The Framing of Decisions and the Psychology of Choice (1981)Advances in prospect theory: Cumulative representation of uncertainty (1992)Individual differences in reasoning: Implications for the rationality debate? (2000)Risk as feelings. (2001)RATIONAL CHOICE AND THE FRAMING OF DECISIONS (1988)Theory of games and economic behavior (2019)Risk, Ambiguity, and the Savage Axioms (1961)Judgment under Uncertainty: Heuristics and Biases (1975)Exploration and Exploitation in Organizational Learning (1991)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)Moral Hazard and Observability (1979)The New Institutional Economics: Taking Stock, Looking Ahead (2000)Status quo bias in decision making (1988)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)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
  • 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
  • 1982Regret Theory: An Alternative Theory of Rational Choice Under Uncertainty4,041 cited
  • 1945Theory of Games and Economic Behavior4,006 cited
  • 1972Essays in the Theory of Risk-Bearing.3,991 cited
  • 1982A theory of anticipated utility3,136 cited
  • 1982Regret in Decision Making under Uncertainty2,990 cited
  • 1947Theory of Games and Economic Behavior2,327 cited
  • 1969Intransitivity of preferences.2,195 cited
  • 1982"Expected Utility" Analysis without the Independence Axiom1,518 cited
  • 2007The Expected Utility Model: Its Variants, Purposes, Evidence and Limitations1,428 cited
  • 1982Nontransitive measurable utility495 cited
  • 1983Risk Premiums for Decision Regret

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Cited by

  • 2010Advances in Entrepreneurial Finance26 cited
  • 2001Payoff Kinks in Preferences over Lotteries20 cited
  • 1996Uncertainty aversion and aversion to increasing uncertainty18 cited
  • 1992Multisymmetric structures and non-expected utility17 cited
  • 1989Dynamics of Choice Behavior: The Logical Relation between Linear Objective Probability and Nonlinear Subjective Probability14 cited
  • 1999Risk and Uncertainty Aversion with Reference to the Theories Of Expected Utility, Rank Dependent Expected Utility, and Choquet Expected Utility.10 cited
  • 2008Risk Attitude10 cited
  • 2010Applications of Behavioral Finance to Entrepreneurs and Venture Capitalists: Decision Making Under Risk and Uncertainty in Futures and Options Markets8 cited
  • 2012Measuring the degree to which probability weighting affects risk-taking Behavior in financial decisions1 cited
  • 1998The Impact of Framing Effects on the Risks Taxpayers take when Filing Income Tax Returns: A New Zealand Replication of a Prospect Theory-based Laboratory Experiment0 cited