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General Probability-Time Tradeoff and Intertemporal Risk-Value Model
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General Probability-Time Tradeoff and Intertemporal Risk-Value Model (2010)General Probability-Time Tradeoff and Int…Strotz Meets Allais: Diminishing Impatience and the Certainty Effect (2008)Strotz Meets Allais: Diminish…Continuity properties of Paretian utility (2008)Continuity properties of Pare…Probability as a psychological distance: Construal and preferences (2006)Probability as a psychologica…Predicting Risk Sensitivity in Humans and Lower Animals: Risk as Variance or Coefficient of Variation. (2004)Predicting Risk Sensitivity i…Temporal construal. (2003)Temporal construal.The role of feasibility and desirability considerations in near and distant future decisions: A test of temporal construal theory. (1998)The role of feasibility and d…Decision Making Over Time and Under Uncertainty: A Common Approach (1991)Decision Making Over Time and…Some empirical evidence on dynamic inconsistency (1981)Some empirical evidence on dy…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Decision Analysis: Introductory Lectures on Choices Under Uncertainty. (1969)Decision Analysis: Introducto…Decision Analysis: Introductory Lectures on Choices Under Uncertainty. (1969)Decision Analysis: Introducto…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Continuity Properties of Paretian Utility (1964)Continuity Properties of Pare…Stationary Ordinal Utility and Impatience (1960)Stationary Ordinal Utility an…Social learning and clinical psychology. (1954)Social learning and clinical …A Note on Measurement of Utility (1937)A Note on Measurement of Util…Prospect Theory: An Analysis of Decision under Risk (1979)Toward a positive theory of consumer choice (1980)Prospect theory: An analysis of decision under risk (1988)Investor Psychology and Asset Pricing (2001)Time Discounting and Time Preference: A Critical Review (2002)A DYNAMIC THEORY OF PERSONALITY (1936)Principles of topological psychology. (1936)Sexual Behavior in the Human Male (1948)Developmental sequence in small groups. (1965)Development and validation of ego-identity status. (1966)The "What" and "Why" of Goal Pursuits: Human Needs and the Self-Determination of Behavior (2000)Specious reward: A behavioral theory of impulsiveness and impulse control. (1975)Explanatory Coherence (1989)Nature and Operation of Attitudes (2001)Construal-level theory of psychological distance. (2010)The psychology of interpersonal relations. (1958)The empirical case for two systems of reasoning. (1996)Risk as feelings. (2001)Dehumanization: An Integrative Review (2006)Constructive and unconstructive repetitive thought. (2008)Handbook of Emotions (1993)The Handbook of Economic Sociology (1994)The Economics and Psychology of Personality Traits (2008)Optimal Taxation of Capital Income in General Equilibrium with Infinite Lives (1986)Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis (1991)The Economic Theory of Agency: The Principal's Problem. (1973)The Framing of Decisions and the Psychology of Choice (1981)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)Coping with Uncertainty: A Naturalistic Decision-Making Analysis (1997)The antecedents and consequents of user perceptions in information technology adoption (1998)The irrelevance of inference: a decision-making approach to the stochastic evaluation of health care technologies (1999)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

  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1954Social learning and clinical psychology.3,976 cited
  • 2003Temporal construal.3,006 cited
  • 1998The role of feasibility and desirability considerations in near and distant future decisions: A test of temporal construal theory.2,367 cited
  • 1981Some empirical evidence on dynamic inconsistency2,253 cited
  • 1937A Note on Measurement of Utility2,177 cited
  • 1969Decision Analysis: Introductory Lectures on Choices Under Uncertainty.1,928 cited
  • 1960Stationary Ordinal Utility and Impatience1,550 cited
  • 1969Decision Analysis: Introductory Lectures on Choices Under Uncertainty.960 cited
  • 2004Predicting Risk Sensitivity in Humans and Lower Animals: Risk as Variance or Coefficient of Variation.724 cited
  • 1991Decision Making Over Time and Under Uncertainty: A Common Approach595 cited
  • 1964Continuity Properties of Paretian Utility321 cited
  • 2008Continuity properties of Paretian utility291 cited
  • 2008Strotz Meets Allais: Diminishing Impatience and the Certainty Effect242 cited

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2006
Probability as a psychological distance: Construal and preferences
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