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Survey measures of risk aversion and prudence
16 references·16 citing·34 second hopsampled
Survey measures of risk aversion and prudence (2003)Survey measures of risk aversion and prud…Risk Aversion, Wealth, and Background Risk (2008)Risk Aversion, Wealth, and Ba…Demography of Risk Aversion (2001)Demography of Risk AversionThe Reaction of Household Consumption to Predictable Changes in Social Security Taxes (1999)The Reaction of Household Con…Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Study (1997)Preference Parameters and Beh…How Prudent are Consumers? (1993)How Prudent are Consumers?Earnings uncertainty and precautionary saving (1992)Earnings uncertainty and prec…The Consumption of Stockholders and Non-Stockholders (1990)The Consumption of Stockholde…Precautionary Saving in the Small and in the Large (1990)Precautionary Saving in the S…Precautionary Saving in the Small and in the Large (1989)Precautionary Saving in the S…Risky income, life cycle consumption, and precautionary savings (1988)Risky income, life cycle cons…The equity premium: A puzzle (1985)The equity premium: A puzzleInterest rates and currency prices in a two-country world (1982)Interest rates and currency p…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Saving and Uncertainty: The Precautionary Demand for Saving (1968)Saving and Uncertainty: The P…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…The Self-Protection Problem (2024)The Self-Protection ProblemBehavioral Economics and Auto Insurance: The Role of Biases and Heuristics (2022)Behavioral Economics and Auto…Health technology assessment with risk aversion in health (2020)Health technology assessment …A Simplified Measure of Investor Risk Aversion (2020)A Simplified Measure of Inves…A consensus-based multicriteria group decision model for information technology management committees (2018)A consensus-based multicriter…Precautionary Saving of Chinese and U.S. Households (2017)Precautionary Saving of Chine…Promoting Seismic Retrofit Implementation Through “Nudge”: Using Warranty as a Driver (2013)Promoting Seismic Retrofit Im…Higher Order Risk Attitudes, Demographics, and Financial Decisions (2012)Higher Order Risk Attitudes, …Rank-ordering of risk preferences with conventional and discrete measures (2010)Rank-ordering of risk prefere…Geometric representation of the mean–variance–skewness portfolio frontier based upon the shortage function (2010)Geometric representation of t…Estimating Intertemporal Allocation Parameters using Synthetic Residual Estimation (2010)Estimating Intertemporal Allo…Are risk‐averse agents more optimistic? A Bayesian estimation approach (2008)Are risk‐averse agents more o…Improving the Risk Concept: A Revision of Arrow-Pratt Theory in the Context of Controlled Dynamic Stochastic Environments (2007)Improving the Risk Concept: A…Prudence and precautionary saving (2006)Prudence and precautionary sa…Direct measures of time preference (2003)Direct measures of time prefe…Approximation bias in estimating risk aversion (2003)Approximation bias in estimat…Immiserizing Growth: A Geometrical Note (1958)Theory of Value (1959)Asset Prices in an Exchange Economy (1978)Trying to Explain Home Bias in Equities and Consumption (1999)The Economics of Exchange Rates (2003)Real-time price discovery in global stock, bond and foreign exchange markets (2007)An Intertemporal Capital Asset Pricing Model (1973)Portfolio Choice and Asset Prices: The Importance of Entrepreneurial Risk (2000)Strategic Asset Allocation (2002)Equity Portfolio Diversification (2008)Judgment under Uncertainty: Heuristics and Biases (1975)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Boys will be Boys: Gender, Overconfidence, and Common Stock Investment (2001)Risk as feelings. (2001)INDIVIDUAL RISK ATTITUDES: MEASUREMENT, DETERMINANTS, AND BEHAVIORAL CONSEQUENCES (2011)Time to Build and Aggregate Fluctuations (1982)Noise Trader Risk in Financial Markets (1990)Efficient Capital Markets: II (1991)ARCH modeling in finance (1992)Understanding Consumption (1992)Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis (1997)Conditional Skewness in Asset Pricing Tests (2000)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)On the measurement of inequality (1970)Risk Aversion and Incentive Effects (2002)The Buffer-Stock Theory of Saving: Some Macroeconomic Evidence (1992)DO NATURAL DISASTERS PROMOTE LONG‐RUN GROWTH? (2002)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)Uninsured Idiosyncratic Risk and Aggregate Saving (1994)The analysis of household surveys (1997)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

  • 1985The equity premium: A puzzle5,785 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1997Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Study2,399 cited
  • 1966Aspects of the Theory of Risk-Bearing.1,888 cited
  • 1990Precautionary Saving in the Small and in the Large1,850 cited
  • 1989Precautionary Saving in the Small and in the Large1,498 cited
  • 1968Saving and Uncertainty: The Precautionary Demand for Saving1,376 cited
  • 1990The Consumption of Stockholders and Non-Stockholders1,289 cited
  • 1982Interest rates and currency prices in a two-country world1,256 cited
  • 2008Risk Aversion, Wealth, and Background Risk1,054 cited
  • 2001Demography of Risk Aversion707 cited
  • 1999The Reaction of Household Consumption to Predictable Changes in Social Security Taxes553 cited
  • 1988Risky income, life cycle consumption, and precautionary savings521 cited
  • 1993How Prudent are Consumers?384 cited
  • 1992Earnings uncertainty and precautionary saving

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Cited by

  • 2020Health technology assessment with risk aversion in health95 cited
  • 2010Estimating Intertemporal Allocation Parameters using Synthetic Residual Estimation75 cited
  • 2017Precautionary Saving of Chinese and U.S. Households70 cited
  • 2010Geometric representation of the mean–variance–skewness portfolio frontier based upon the shortage function57 cited
  • 2018A consensus-based multicriteria group decision model for information technology management committees44 cited
  • 2003Direct measures of time preference27 cited
  • 2006Prudence and precautionary saving24 cited
  • 2008Are risk‐averse agents more optimistic? A Bayesian estimation approach23 cited
  • 2013Promoting Seismic Retrofit Implementation Through “Nudge”: Using Warranty as a Driver13 cited
  • 2020A Simplified Measure of Investor Risk Aversion13 cited
  • 2012Higher Order Risk Attitudes, Demographics, and Financial Decisions10 cited
  • 2024The Self-Protection Problem9 cited
  • 2022Behavioral Economics and Auto Insurance: The Role of Biases and Heuristics8 cited
  • 2003Approximation bias in estimating risk aversion7 cited
  • 2010Rank-ordering of risk preferences with conventional and discrete measures5 cited
  • 2007Improving the Risk Concept: A Revision of Arrow-Pratt Theory in the Context of Controlled Dynamic Stochastic Environments5 cited