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Prudence probability premium
16 references·11 citing·28 second hop
Prudence probability premium (2010)Prudence probability premiumIncreasing Downside Risk (2016)Increasing Downside RiskOn the intensity of downside risk aversion (2008)On the intensity of downside …Greater downside risk aversion in the large (2008)Greater downside risk aversio…Putting Risk in Its Proper Place (2006)Putting Risk in Its Proper Pl…Higher-order generalizations of Arrow–Pratt and Ross risk aversion: A comparative statics approach (2006)Higher-order generalizations …Degree of downside risk aversion and self-protection (2004)Degree of downside risk avers…A note on comparative downside risk aversion (2004)A note on comparative downsid…Greater Downside Risk Aversion (2002)Greater Downside Risk AversionModels and Experiments in Risk and Rationality (1994)Models and Experiments in Ris…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…Some Stronger Measures of Risk Aversion in the Small and the Large with Applications (1981)Some Stronger Measures of Ris…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…The Utility Analysis of Choices Involving Risk (1948)The Utility Analysis of Choic…Probability Premium and Attitude Towards Probability (2021)Probability Premium and Attit…Comparative risk apportionment (2021)Comparative risk apportionmentThe utility premium of Friedman and Savage, comparative risk aversion, and comparative prudence (2015)The utility premium of Friedm…The probability premium: A graphical representation (2015)The probability premium: A gr…The Probability Premium Approach to Comparative Risk Aversion (2015)The Probability Premium Appro…Risk Aversion in the Small and in the Large under Rank-Dependent Utility (2015)Risk Aversion in the Small an…The monetary utility premium and interpersonal comparisons (2014)The monetary utility premium …Cautiousness and Skewness Preferences in a More General Context (2012)Cautiousness and Skewness Pre…A Note on Comparative Skewness Preferences (2012)A Note on Comparative Skewnes…A Note on Greater Downside Risk Aversion (2011)A Note on Greater Downside Ri…A Local Index of Risk Apportionment (2011)A Local Index of Risk Apporti…Admissibility and Measurable Utility Functions (1962)Rules for Ordering Uncertain Prospects (1969)Transfer Sensitive Inequality Measures (1987)Chapter 2 Measurement of inequality (2000)Knowing when to leap: Transitioning between exploitative and explorative R&D (2013)Saving and Uncertainty: The Precautionary Demand for Saving (1968)Uninsured Idiosyncratic Risk and Aggregate Saving (1994)The analysis of household surveys (1997)Understanding Consumption (1992)Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis (1997)Conditional Skewness in Asset Pricing Tests (2000)Financial Intermediation and Delegated Monitoring (1984)Theory of Financial Decision Making. (1988)Cash Crop Production, Food Price Volatility, and Rural Market Integration in the Third World (1992)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)On the measurement of inequality (1970)Risk Aversion and Incentive Effects (2002)Toward a positive theory of consumer choice (1980)Prospect theory: An analysis of decision under risk (1988)Risk as feelings. (2001)A Good Sign for Multivariate Risk Taking (2007)Higher Order Risk Attitudes, Demographics, and Financial Decisions (2013)Are Risk Preferences Stable? (2018)Decreasing absolute risk aversion, prudence and increased downside risk aversion (2012)Substituting one risk increase for another: A method for measuring risk aversion (2013)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
  • 1948The Utility Analysis of Choices Involving Risk3,097 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
  • 2006Putting Risk in Its Proper Place551 cited
  • 2016Increasing Downside Risk480 cited
  • 1981Some Stronger Measures of Risk Aversion in the Small and the Large with Applications450 cited
  • 2008On the intensity of downside risk aversion116 cited
  • 2006Higher-order generalizations of Arrow–Pratt and Ross risk aversion: A comparative statics approach111 cited
  • 2004A note on comparative downside risk aversion105 cited
  • 1994Models and Experiments in Risk and Rationality69 cited
  • 2002Greater Downside Risk Aversion59 cited
  • 2004Degree of downside risk aversion and self-protection49 cited
  • 2008Greater downside risk aversion in the large48 cited

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Cited by

  • 2014The monetary utility premium and interpersonal comparisons10 cited
  • 2015The utility premium of Friedman and Savage, comparative risk aversion, and comparative prudence5 cited
  • 2015The probability premium: A graphical representation3 cited
  • 2021Comparative risk apportionment3 cited
  • 2011A Note on Greater Downside Risk Aversion3 cited
  • 2015The Probability Premium Approach to Comparative Risk Aversion2 cited
  • 2012A Note on Comparative Skewness Preferences2 cited
  • 2015Risk Aversion in the Small and in the Large under Rank-Dependent Utility1 cited
  • 2012Cautiousness and Skewness Preferences in a More General Context0 cited
  • 2011A Local Index of Risk Apportionment0 cited
  • 2021Probability Premium and Attitude Towards Probability0 cited