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A utility function for wealth for a risk-averter
8 references·0 citing·22 second hop
A utility function for wealth for a risk-averter (1973)A utility function for wealth for a risk-…The Rationale of the Mean-Standard Deviation Analysis, Skewness Preference, and the Demand for Money (1989)The Rationale of the Mean-Sta…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Investment, Interest and Capital. (1971)Investment, Interest and Capi…Investment, Interest and Capital. (1970)Investment, Interest and Capi…The Effects of Income, Wealth, and Capital Gains Taxation on Risk-Taking (1969)The Effects of Income, Wealth…Aspects of the Theory of Risk Bearing--Yrjo Jahnsson Lectures (1969)Aspects of the Theory of Risk…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…PORTFOLIO SELECTION* (1952)Optimal rules for ordering uncertain prospects (1975)THE DEMAND FOR RISKY ASSETS (1977)Approximating Expected Utility by a Function of Mean and Variance (1979)International Risk Sharing and Economic Growth (1994)Growth Theory Through the Lens of Development Economics (2005)Finance and Inequality: Theory and Evidence (2009)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)On the measurement of inequality (1970)Risk Aversion and Incentive Effects (2002)Guarantees and Risk-Sharing (1977)Increasing Generalized Correlation: A Definition and Some Economic Consequences (1980)Aspects of Rational Insurance Purchasing (1992)Optimal insurance and generalized deductibles (1974)Structural Dependence of the State on Capital (1988)Earnings Functions, Rates of Return and Treatment Effects: The Mincer Equation and Beyond (2005)Financial Intermediation and Delegated Monitoring (1984)Prospect theory: An analysis of decision under risk (1988)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)Fifty Years of Mincer Earnings Regressions (2003)
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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
  • 1969The Effects of Income, Wealth, and Capital Gains Taxation on Risk-Taking411 cited
  • 1971Investment, Interest and Capital.382 cited
  • 1989The Rationale of the Mean-Standard Deviation Analysis, Skewness Preference, and the Demand for Money349 cited
  • 1970Investment, Interest and Capital.228 cited
  • 1969Aspects of the Theory of Risk Bearing--Yrjo Jahnsson Lectures174 cited

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