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A mixed fan hypothesis and its implications for behavior toward risk
16 references·13 citing·33 second hop
A mixed fan hypothesis and its implications for behavior toward risk (1992)A mixed fan hypothesis and its implicatio…A test of generalized expected utility theory (1993)A test of generalized expecte…Recent Tests of Generalizations of Expected Utility Theory (1992)Recent Tests of Generalizatio…Predictions about indifference curves inside the unit triangle (1992)Predictions about indifferenc…A Theory of Disappointment Aversion (1991)A Theory of Disappointment Av…The Becker-DeGroot-Marschak mechanism and nonexpected utility: A testable approach (1990)The Becker-DeGroot-Marschak m…Testing between alternative models of choice under uncertainty: Some initial results (1990)Testing between alternative m…Three Variants on the Allais Example (1989)Three Variants on the Allais …Axiomatic utility theories with the betweenness property (1989)Axiomatic utility theories wi…An experimental test of several generalized utility theories (1989)An experimental test of sever…An axiomatic characterization of preferences under uncertainty: Weakening the independence axiom (1986)An axiomatic characterization…"Expected Utility" Analysis without the Independence Axiom (1982)"Expected Utility" Analysis w…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Measuring Utility by a Single-Response Sequential Method (1964) (1974)Measuring Utility by a Single…Essays in the Theory of Risk-Bearing. (1972)Essays in the Theory of Risk-…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Measuring utility by a single-response sequential method (1964)Measuring utility by a single…Teoria Do Prospecto E As Diferenças De Comportamento Perante O Risco Entre Gênero, Escolaridade E Idade (2014)Teoria Do Prospecto E As Dife…Non-Expected Utility Models Under Objective Uncertainty (2014)Non-Expected Utility Models U…Preferences for One-Shot Resolution of Uncertainty and Allais-Type Behavior, Second Version (2009)Preferences for One-Shot Reso…Preferences for One-Shot Resolution of Uncertainty and Allais-Type Behavior (2008)Preferences for One-Shot Reso…Eliciting Gul’s theory of disappointment aversion by the tradeoff method (2007)Eliciting Gul’s theory of dis…Elicitation non-paramétrique de la fonction d'utilité et de l'aversion aux pertes sous l'hypothèse "prospect theory" (2007)Elicitation non-paramétrique …de l'aversion aux pertes sous l'hypoth ese "prospect theory" (2007)de l'aversion aux pertes sous…Axiomatization of a Preference for Most Probable Winner (2005)Axiomatization of a Preferenc…Lottery Dependent Utility: a Reexamination (2001)Lottery Dependent Utility: a …Comparative statics tests between decision models under risk (1999)Comparative statics tests bet…Performance of the similarity hypothesis relative to existing models of risky choice (1995)Performance of the similarity…Comparative statics derivatives with nonlinear preferences (1995)Comparative statics derivativ…An Expected Utility-User's Guide to Nonexpected Utility Experiments (1993)An Expected Utility-User's Gu…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)Disappointment in Decision Making Under Uncertainty (1985)Prospect theory: An analysis of decision under risk (1988)Dynamic Asset Pricing Theory. (1993)Investor Psychology and Asset Pricing (2001)The jump-risk premia implicit in options: evidence from an integrated time-series study (2002)Regret Theory: An Alternative Theory of Rational Choice Under Uncertainty (1982)RATIONAL CHOICE AND THE FRAMING OF DECISIONS (1988)On the Validity of the Random Lottery Incentive System (1998)The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework (1999)Risk Aversion in the Laboratory (2008)Risk, Ambiguity, and the Savage Axioms (1961)Prospect Theory: An Analysis of Decision under Risk (1979)The Role of Intuition in Strategic Decision Making (2000)Moral Hazard and Observability (1979)The New Institutional Economics: Taking Stock, Looking Ahead (2000)Recent developments in modeling preferences: Uncertainty and ambiguity (1992)Measuring Trust* (2000)Field Experiments (2004)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)Reversals of preference between bids and choices in gambling decisions. (1971)On the Shape of the Probability Weighting Function (1999)Experimental Tests of the Endowment Effect and the Coase Theorem (2000)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

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  • 1990

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The Becker-DeGroot-Marschak mechanism and nonexpected utility: A testable approach
31 cited

Cited by

  • 2007Eliciting Gul’s theory of disappointment aversion by the tradeoff method21 cited
  • 1995Performance of the similarity hypothesis relative to existing models of risky choice20 cited
  • 2001Lottery Dependent Utility: a Reexamination16 cited
  • 2014Non-Expected Utility Models Under Objective Uncertainty12 cited
  • 2008Preferences for One-Shot Resolution of Uncertainty and Allais-Type Behavior12 cited
  • 1993An Expected Utility-User's Guide to Nonexpected Utility Experiments6 cited
  • 2005Axiomatization of a Preference for Most Probable Winner5 cited
  • 1999Comparative statics tests between decision models under risk2 cited
  • 2009Preferences for One-Shot Resolution of Uncertainty and Allais-Type Behavior, Second Version1 cited
  • 1995Comparative statics derivatives with nonlinear preferences1 cited
  • 2014Teoria Do Prospecto E As Diferenças De Comportamento Perante O Risco Entre Gênero, Escolaridade E Idade0 cited
  • 2007Elicitation non-paramétrique de la fonction d'utilité et de l'aversion aux pertes sous l'hypothèse "prospect theory"0 cited
  • 2007de l'aversion aux pertes sous l'hypoth ese "prospect theory"0 cited