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Probabilistic risk aversion with an arbitrary outcome set
16 references·7 citing·32 second hop
Probabilistic risk aversion with an arbitrary outcome set (2011)Probabilistic risk aversion with an arbit…‘Stochastically more risk averse:’ A contextual theory of stochastic discrete choice under risk (2009)‘Stochastically more risk ave…Stochastic utility theorem (2008)Stochastic utility theoremStochastic expected utility theory (2007)Stochastic expected utility t…Incorporating a stochastic element into decision theories (1995)Incorporating a stochastic el…The Predictive Utility of Generalized Expected Utility Theories (1994)The Predictive Utility of Gen…Investigating Generalizations of Expected Utility Theory Using Experimental Data (1994)Investigating Generalizations…An experimental test of several generalized utility theories (1989)An experimental test of sever…Convex functions on non-convex domains (1986)Convex functions on non-conve…Fuzzy sets and decision analysis (1984)Fuzzy sets and decision analy…"Expected Utility" Analysis without the Independence Axiom (1982)"Expected Utility" Analysis w…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Risk aversion with many commodities (1974)Risk aversion with many commo…Some remarks on measures of risk aversion and on their uses (1969)Some remarks on measures of r…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Handbook of mathematical psychology: I. (1963)Handbook of mathematical psyc…Individual Choice Behavior (1962)Individual Choice BehaviorAn economist and a psychologist form a line: What can imperfect perception of length tell us about stochastic choice? (2025)An economist and a psychologi…Visual judgments of length in the economics laboratory: Are there brains in stochastic choice? (2021)Visual judgments of length in…An Economist and a Psychologist Form a Line: What Can Imperfect Perception of Length Tell Us About Stochastic Choice? (2020)An Economist and a Psychologi…Judgments of Length in the Economics Laboratory: Are There Brains in Choice? (2019)Judgments of Length in the Ec…Temporal Dominance and Relative Patience in Intertemporal Choice with Monetary Outcomes (2016)Temporal Dominance and Relati…The Microeconomics of Choice under Risk and Uncertainty: Where Are We? (2014)The Microeconomics of Choice …Geometric Utility Theory (2013)Geometric Utility TheoryRegret Theory: An Alternative Theory of Rational Choice Under Uncertainty (1982)On the Shape of the Probability Weighting Function (1999)Eliciting Risk and Time Preferences (2008)Essays in the Theory of Risk-Bearing. (1972)Optimal consumption–portfolio choices and retirement planning (2003)The Bond Premium in a DSGE Model with Long-Run Real and Nominal Risks (2012)Principles of Financial Economics (2014)Risk, Ambiguity, and the Savage Axioms (1961)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework (1999)The Role of Intuition in Strategic Decision Making (2000)Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine (1953)Advances in prospect theory: Cumulative representation of uncertainty (1992)Dictator games: a meta study (2011)Simultaneous conjoint measurement: A new type of fundamental measurement (1964)Context theory of classification learning. (1978)Attention, similarity, and the identification-categorization relationship. (1986)Field Experiments (2004)Dictator game giving: altruism or artefact? (2007)Risk Aversion in the Laboratory (2008)The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence (1985)Theory of Financial Decision Making. (1988)Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework (1989)An interactive activation model of context effects in letter perception: I. An account of basic findings. (1981)Discrete Choice Methods with Simulation (2001)Risk Aversion and Incentive Effects (2002)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)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

  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1962Individual Choice Behavior2,469 cited
  • 1963Handbook of mathematical psychology: I.1,987 cited
  • 1982"Expected Utility" Analysis without the Independence Axiom1,518 cited
  • 1994Investigating Generalizations of Expected Utility Theory Using Experimental Data1,100 cited
  • 1994The Predictive Utility of Generalized Expected Utility Theories740 cited
  • 1989An experimental test of several generalized utility theories549 cited
  • 1974Risk aversion with many commodities394 cited
  • 1995Incorporating a stochastic element into decision theories316 cited
  • 1969Some remarks on measures of risk aversion and on their uses302 cited
  • 1984Fuzzy sets and decision analysis290 cited
  • 2009‘Stochastically more risk averse:’ A contextual theory of stochastic discrete choice under risk236 cited
  • 2007Stochastic expected utility theory116 cited
  • 2008Stochastic utility theorem49 cited
  • 1986Convex functions on non-convex domains

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  • 2025An economist and a psychologist form a line: What can imperfect perception of length tell us about stochastic choice?2 cited
  • 2013Geometric Utility Theory2 cited
  • 2016Temporal Dominance and Relative Patience in Intertemporal Choice with Monetary Outcomes0 cited
  • 2019Judgments of Length in the Economics Laboratory: Are There Brains in Choice?0 cited