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Some remarks on measures of risk aversion and on their uses
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Some remarks on measures of risk aversion and on their uses (1969)Some remarks on measures of risk aversion…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Aspects of the Theory of Risk-Bearing. (1966)Aspects of the Theory of Risk…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Ambiguity and the Bayesian Paradigm (2016)Ambiguity and the Bayesian Pa…Implications of an Economic Theory of Conflict: Hindu-Muslim Violence in India (2014)Implications of an Economic T…Ambiguity and Ambiguity Aversion (2014)Ambiguity and Ambiguity Avers…Subjective Beliefs and ex ante Trade (2008)Subjective Beliefs and ex ant…Preferences Over Sets of Lotteries1 (2007)Preferences Over Sets of Lott…Uncertainty Aversion with Second-Order Utilities and Probabilities (2006)Uncertainty Aversion with Sec…On the Composition of Risk Preference and Belief. (2004)On the Composition of Risk Pr…Subjective Probabilities on Subjectively Unambiguous Events (2001)Subjective Probabilities on S…Risk, Ambiguity, and the Separation of Utility and Beliefs (2001)Risk, Ambiguity, and the Sepa…CHOQUET PRICING FOR FINANCIAL MARKETS WITH FRICTIONS1 (1996)CHOQUET PRICING FOR FINANCIAL…Non-Expected Utility and The Robustness of the Classical Insurance Paradigm (1995)Non-Expected Utility and The …Risk seeking with diminishing marginal utility in a non-expected utility model (1994)Risk seeking with diminishing…On the Excess Burden of Tax Evasion (1987)On the Excess Burden of Tax E…The Nash bargaining solution is optimal (1986)The Nash bargaining solution …Temporal risk and the nature of induced preferences (1984)Temporal risk and the nature …Risk aversion with many commodities (1974)Risk aversion with many commo…Essays in the Theory of Risk-Bearing. 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Towards an Axiomatic Theory of Risk in Robotics (2019)Judgment under Uncertainty: Heuristics and Biases (1974)Judgment under Uncertainty: Heuristics and Biases (1975)Ambiguity and the value of information (2010)Ambiguity aversion and the propensities for self-insurance and self-protection (2010)Measuring Ambiguity Attitudes for All (Natural) Events (2018)Theory of games and economic behavior (2019)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)On the measurement of inequality (1970)Risk Aversion and Incentive Effects (2002)A Subjective Spin on Roulette Wheels (2003)Climate Economics: A Meta-Review and Some Suggestions for Future Research (2008)Dynamic choice under ambiguity (2011)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)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
  • 1966Aspects of the Theory of Risk-Bearing.1,888 cited

Cited by

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  • 2006Uncertainty Aversion with Second-Order Utilities and Probabilities290 cited
  • 2016Ambiguity and the Bayesian Paradigm249 cited
  • 2001Subjective Probabilities on Subjectively Unambiguous Events236 cited
  • 2014Ambiguity and Ambiguity Aversion232 cited
  • 2014Implications of an Economic Theory of Conflict: Hindu-Muslim Violence in India218 cited
  • 2001Risk, Ambiguity, and the Separation of Utility and Beliefs195 cited
  • 1994Risk seeking with diminishing marginal utility in a non-expected utility model160 cited
  • 1987On the Excess Burden of Tax Evasion153 cited
  • 1984Temporal risk and the nature of induced preferences152 cited
  • 2004On the Composition of Risk Preference and Belief.129 cited
  • 2007Preferences Over Sets of Lotteries1112 cited
  • 1986The Nash bargaining solution is optimal

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106 cited
  • 2008Subjective Beliefs and ex ante Trade104 cited
  • 1996CHOQUET PRICING FOR FINANCIAL MARKETS WITH FRICTIONS1100 cited
  • 1995Non-Expected Utility and The Robustness of the Classical Insurance Paradigm99 cited