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Utility theory with probability-dependent outcome valuation
16 references·0 citing·32 second hop
Utility theory with probability-dependent outcome valuation (1992)Utility theory with probability-dependent…Utility theory with uncertainty (1991)Utility theory with uncertain…Axiomatic utility theories with the betweenness property (1989)Axiomatic utility theories wi…Anticipated utility: A measure representation approach (1989)Anticipated utility: A measur…Ordinal independence in nonlinear utility theory (1988)Ordinal independence in nonli…The Dual Theory of Choice under Risk (1987)The Dual Theory of Choice und…An axiomatic characterization of preferences under uncertainty: Weakening the independence axiom (1986)An axiomatic characterization…Transitive measurable utility (1983)Transitive measurable utilityAdvances in Economic Theory (1983)Advances in Economic TheoryA Generalization of the Quasilinear Mean with Applications to the Measurement of Income Inequality and Decision Theory Resolving the Allais Paradox (1983)A Generalization of the Quasi…A theory of anticipated utility (1982)A theory of anticipated utili…"Expected Utility" Analysis without the Independence Axiom (1982)"Expected Utility" Analysis w…Utility Theory: Axioms Versus ‘Paradoxes’ (1979)Utility Theory: Axioms Versus…Expected Utility Hypotheses and the Allais Paradox (1979)Expected Utility Hypotheses a…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…Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine (1953)Risk, Ambiguity, and the Savage Axioms (1961)Utilities and Quality-Adjusted Life Years (1989)The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework (1999)The development of risk-taking: A multi-perspective review (2006)Theory of games and economic behavior (2019)On the measurement of inequality (1970)On Economic Inequality (1973)Prospect theory: An analysis of decision under risk (1988)Preference structures and their numerical representations (1999)Handbook of the Equity Risk Premium (2008)Generalized Disappointment Aversion and Asset Prices (2010)Nontransitive measurable utility (1982)The Foundations of Expected Utility (1982)Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework (1989)Two-Stage Lotteries without the Reduction Axiom (1990)Chapter 18 A survey of behavioral finance (2003)Prospect Theory: An Analysis of Decision under Risk (1979)RATIONAL CHOICE AND THE FRAMING OF DECISIONS (1988)Advances in prospect theory: Cumulative representation of uncertainty (1992)Individual differences in reasoning: Implications for the rationality debate? (2000)Subjective probability and expected utility without additivity (2004)Behavioral Portfolio Theory (2000)Risk Aversion in the Laboratory (2008)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)Risk Aversion and Incentive Effects (2002)The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence (1985)Theory of Financial Decision Making. (1988)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
  • 1982A theory of anticipated utility3,136 cited
  • 1987The Dual Theory of Choice under Risk2,426 cited
  • 1966Aspects of the Theory of Risk-Bearing.1,888 cited
  • 1982"Expected Utility" Analysis without the Independence Axiom1,518 cited
  • 1983A Generalization of the Quasilinear Mean with Applications to the Measurement of Income Inequality and Decision Theory Resolving the Allais Paradox630 cited
  • 1979Expected Utility Hypotheses and the Allais Paradox590 cited
  • 1979Utility Theory: Axioms Versus ‘Paradoxes’411 cited
  • 1986An axiomatic characterization of preferences under uncertainty: Weakening the independence axiom408 cited
  • 1983Transitive measurable utility305 cited
  • 1989Axiomatic utility theories with the betweenness property244 cited
  • 1983Advances in Economic Theory176 cited
  • 1989Anticipated utility: A measure representation approach154 cited
  • 1988Ordinal independence in nonlinear utility theory130 cited
  • 1991Utility theory with uncertainty

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