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Axiomatic measures of perceived risk: Some tests and extensions
16 references·16 citing·25 second hopsampled
Axiomatic measures of perceived risk: Some tests and extensions (1989)Axiomatic measures of perceived risk: Som…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 …Reflection in preferences under risk: Who and when may suggest why. (1986)Reflection in preferences und…Relative Risk Aversion (1982)Relative Risk AversionOn The Quantitative Definition of Risk (1981)On The Quantitative Definitio…Translation of Gambles and Aspiration Level Effects in Risky Choice Behavior (1980)Translation of Gambles and As…Utility Theory: Axioms Versus ‘Paradoxes’ (1979)Utility Theory: Axioms Versus…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…Mean-Risk Analysis with Risk Associated with Below-Target Returns (1975)Mean-Risk Analysis with Risk …Essays in the Theory of Risk-Bearing. (1972)Essays in the Theory of Risk-…Utility Theory for Decision Making (1971)Utility Theory for Decision M…UTILITY THEORY FOR DECISION MAKING (1970)UTILITY THEORY FOR DECISION M…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Portfolio Selection: Efficient Diversification of Investments (1959)Portfolio Selection: Efficien…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…Risk, Trust, and the Roles of Human Versus Virtual Influencers (2023)Risk, Trust, and the Roles of…Exploring the Value-Action Gap in Green Consumption: Roles of Risk Aversion, Subjective Knowledge, and Gender Differences (2022)Exploring the Value-Action Ga…Under pressure! Team innovative climate and individual attitudes in shaping individual improvisation (2017)Under pressure! Team innovati…Risk and Uncertainty in Travel Decision-Making: Tourist and Destination Perspective (2016)Risk and Uncertainty in Trave…When Does Framing Influence Preferences, Risk Perceptions, and Risk Attitudes? The Explicated Valence Account (2015)When Does Framing Influence P…Backpackers' risk perceptions and risk reduction strategies in Ghana (2015)Backpackers' risk perceptions…Visitor perceptions of crime-safety and attitudes towards risk: The case of Table Mountain National Park, Cape Town (2009)Visitor perceptions of crime-…Tourists' information search: the differential impact of risk and uncertainty avoidance (2009)Tourists' information search:…Prospect-theory’s Diminishing Sensitivity Versus Economics’ Intrinsic Utility of Money: How the Introduction of the Euro can be Used to Disentangle the Two Empirically (2007)Prospect-theory’s Diminishing…Judging the Risk of Financial Instruments: Problems and Potential Remedies (2005)Judging the Risk of Financial…SEC Market Risk Disclosures: Implications for Judgment and Decision Making (2001)SEC Market Risk Disclosures: …Who’s Afraid of a Little Risk? New Evidence for General Risk Aversion (1999)Who’s Afraid of a Little Risk…The Ongoing Dialog between Empirical Science and Measurement Theory (1996)The Ongoing Dialog between Em…A review of human linguistic probability processing: General principles and empirical evidence (1995)A review of human linguistic …Dimensions of Risk Perception for Financial and Health Risks (1993)Dimensions of Risk Perception…A descriptive measure of risk (1988)A descriptive measure of riskRisk, 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)Theory of games and economic behavior (2019)The Framing of Decisions and the Psychology of Choice (1981)Maxmin expected utility with non-unique prior (1989)Time Discounting and Time Preference: A Critical Review (2002)Moral Hazard and Observability (1979)The New Institutional Economics: Taking Stock, Looking Ahead (2000)Latin hypercube sampling and the propagation of uncertainty in analyses of complex systems (2003)Survey of sampling-based methods for uncertainty and sensitivity analysis (2006)Risk assessment and risk management: Review of recent advances on their foundation (2015)Advances in prospect theory: Cumulative representation of uncertainty (1992)On Economic Inequality (1973)The structure of random utility models (1977)The Framing of Decisions and the Psychology of Choice (1985)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)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
  • 1959Portfolio Selection: Efficient Diversification of Investments5,535 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
  • 1972Essays in the Theory of Risk-Bearing.3,991 cited
  • 1981On The Quantitative Definition of Risk3,099 cited
  • 1971Utility Theory for Decision Making2,460 cited
  • 1970UTILITY THEORY FOR DECISION MAKING1,614 cited
  • 2007The Expected Utility Model: Its Variants, Purposes, Evidence and Limitations1,428 cited
  • 1975Mean-Risk Analysis with Risk Associated with Below-Target Returns1,215 cited
  • 1979Utility Theory: Axioms Versus ‘Paradoxes’411 cited
  • 1980Translation of Gambles and Aspiration Level Effects in Risky Choice Behavior342 cited
  • 1982Relative Risk Aversion328 cited
  • 1986Reflection in preferences under risk: Who and when may suggest why.

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276 cited

Cited by

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  • 2009Visitor perceptions of crime-safety and attitudes towards risk: The case of Table Mountain National Park, Cape Town222 cited
  • 2015Backpackers' risk perceptions and risk reduction strategies in Ghana221 cited
  • 1995A review of human linguistic probability processing: General principles and empirical evidence161 cited
  • 2023Risk, Trust, and the Roles of Human Versus Virtual Influencers133 cited
  • 2001SEC Market Risk Disclosures: Implications for Judgment and Decision Making130 cited
  • 2009Tourists' information search: the differential impact of risk and uncertainty avoidance129 cited
  • 1993Dimensions of Risk Perception for Financial and Health Risks129 cited
  • 2022Exploring the Value-Action Gap in Green Consumption: Roles of Risk Aversion, Subjective Knowledge, and Gender Differences119 cited
  • 2005Judging the Risk of Financial Instruments: Problems and Potential Remedies95 cited
  • 1988A descriptive measure of risk75 cited
  • 2017Under pressure! Team innovative climate and individual attitudes in shaping individual improvisation65 cited
  • 2007Prospect-theory’s Diminishing Sensitivity Versus Economics’ Intrinsic Utility of Money: How the Introduction of the Euro can be Used to Disentangle the Two Empirically57 cited
  • 1999Who’s Afraid of a Little Risk? New Evidence for General Risk Aversion53 cited
  • 1996The Ongoing Dialog between Empirical Science and Measurement Theory45 cited
  • 2015When Does Framing Influence Preferences, Risk Perceptions, and Risk Attitudes? The Explicated Valence Account42 cited