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Precautionary saving under many risks
16 references·2 citing·28 second hop
Precautionary saving under many risks (2013)Precautionary saving under many risksThe demand for a risky asset in the presence of a background risk (2010)The demand for a risky asset …On relative and partial risk attitudes: theory and implications (2010)On relative and partial risk …Changes in risk and the demand for saving (2008)Changes in risk and the deman…A Good Sign for Multivariate Risk Taking (2007)A Good Sign for Multivariate …Putting Risk in Its Proper Place (2006)Putting Risk in Its Proper Pl…Chapter 23 Economic growth and the environment (2005)Chapter 23 Economic growth an…Economic Growth and the Environment (1994)Economic Growth and the Envir…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…Aversion to one risk in the presence of others (1988)Aversion to one risk in the p…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Consumption decisions under uncertainty (1972)Consumption decisions under u…Increasing risk II: Its economic consequences (1971)Increasing risk II: Its econo…The Effect of Uncertainty on Saving Decisions (1970)The Effect of Uncertainty on …Saving and Uncertainty: The Precautionary Demand for Saving (1968)Saving and Uncertainty: The P…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Diversification and Risk Aversion with Two Risks (2021)Diversification and Risk Aver…Precautionary retirement and precautionary saving (2019)Precautionary retirement and …Theory of Value (1959)THE EQUITY PREMIUM PUZZLE AND THE RISK-FREE RATE PUZZLE (1988)The Equity Premium Puzzle and the Riskfree Rate Puzzle (1989)DO NATURAL DISASTERS PROMOTE LONG‐RUN GROWTH? (2002)Theory of games and economic behavior (2019)The Utility Analysis of Choices Involving Risk (1948)Higher Order Risk Attitudes, Demographics, and Financial Decisions (2013)Are Risk Preferences Stable? (2018)Understanding Consumption (1992)Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis (1997)Conditional Skewness in Asset Pricing Tests (2000)Macroeconomic determinants of growth: Cross-country evidence (1985)An empirical analysis of cross-national economic growth, 1951–1980 (1989)The Buffer-Stock Theory of Saving: Some Macroeconomic Evidence (1992)Optimal rules for ordering uncertain prospects (1975)Net Health Benefits (1998)Stochastic Volatility for Lévy Processes (2003)STIRPAT, IPAT and ImPACT: analytic tools for unpacking the driving forces of environmental impacts (2003)Environmental Kuznets Curve Hypothesis: A Survey (2004)The Rise and Fall of the Environmental Kuznets Curve (2004)Financial Intermediation and Delegated Monitoring (1984)Prospect theory: An analysis of decision under risk (1988)Well-being : the foundations of hedonic psychology (1999)Uninsured Idiosyncratic Risk and Aggregate Saving (1994)The analysis of household surveys (1997)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

  • 1994Economic Growth and the Environment9,835 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 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
  • 1971Increasing risk II: Its economic consequences1,082 cited
  • 1970The Effect of Uncertainty on Saving Decisions923 cited
  • 1972Consumption decisions under uncertainty583 cited
  • 2006Putting Risk in Its Proper Place551 cited
  • 2007A Good Sign for Multivariate Risk Taking242 cited
  • 2008Changes in risk and the demand for saving196 cited
  • 2005Chapter 23 Economic growth and the environment172 cited
  • 1988Aversion to one risk in the presence of others109 cited
  • 2010The demand for a risky asset in the presence of a background risk75 cited
  • 2010On relative and partial risk attitudes: theory and implications75 cited

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Cited by

  • 2019Precautionary retirement and precautionary saving17 cited
  • 2021Diversification and Risk Aversion with Two Risks0 cited