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Parametric models of the utility of survival duration: Tests of axioms in a generic utility framework
16 references·9 citing·24 second hop
Parametric models of the utility of survival duration: Tests of axioms in a generic utility framework (1989)Parametric models of the utility of survi…Choices, Values, and Frames (2013)Choices, Values, and FramesEconomic Theory of Choice and the Preference Reversal Phenomenon (2006)Economic Theory of Choice and…Decisions with Multiple Objectives: Preferences and Value Tradeoffs. (1994)Decisions with Multiple Objec…Prospect theory: An analysis of decision under risk (1988)Prospect theory: An analysis …Expression theory and the preference reversal phenomena. (1987)Expression theory and the pre…Choices, values, and frames. (1984)Choices, values, and frames.Preference reversals: A broader perspective (1983)Preference reversals: A broad…The Framing of Decisions and the Psychology of Choice (1981)The Framing of Decisions and …Utility Functions for Life Years and Health Status (1980)Utility Functions for Life Ye…Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …Decisions with Multiple Objectives—Preferences and Value Tradeoffs (1977)Decisions with Multiple Objec…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Judgment under Uncertainty: Heuristics and Biases (1975)Judgment under Uncertainty: H…Judgment under Uncertainty: Heuristics and Biases (1974)Judgment under Uncertainty: H…Reversals of preference between bids and choices in gambling decisions. (1971)Reversals of preference betwe…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Preference-Sensitive Management of Post-Mammography Decisions in Breast Cancer Diagnosis (2017)Preference-Sensitive Manageme…Prospect theory in the health domain: A quantitative assessment (2013)Prospect theory in the health…Similarity of personal preferences: Theoretical foundations and empirical analysis (2003)Similarity of personal prefer…Health Values and Prospect Theory (1999)Health Values and Prospect Th…Incorporating Risk Attitude into Markov-process Decision Models: (1997)Incorporating Risk Attitude i…An Experimental Test of a General Class of Utility Models: Evidence for Context Dependency (1997)An Experimental Test of a Gen…A Note on QALYs, Time Tradeoff, and Discounting (1994)A Note on QALYs, Time Tradeof…Are Healthy-years Equivalents an Improvement over Quality-adjusted Life Years? (1993)Are Healthy-years Equivalents…Generic Analysis of Utility Models (1992)Generic Analysis of Utility M…Subjective probability: A judgment of representativeness (1972)Availability: A heuristic for judging frequency and probability (1973)On the psychology of prediction. (1973)Advances in prospect theory: Cumulative representation of uncertainty (1992)Framing: Toward Clarification of a Fractured Paradigm (1993)Subjective well-being: Three decades of progress. (1999)Theory of games and economic behavior (2019)Risk, Ambiguity, and the Savage Axioms (1961)Exploration and Exploitation in Organizational Learning (1991)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)Conjoint Analysis in Consumer Research: Issues and Outlook (1978)Risk management in a dynamic society: a modelling problem (1997)Best-worst multi-criteria decision-making method (2014)Perception of Risk (1987)Toward a Theory of Situation Awareness in Dynamic Systems (1995)Framing Processes and Social Movements: An Overview and Assessment (2000)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)The weirdest people in the world? (2010)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)Development of NASA-TLX (Task Load Index): Results of Empirical and Theoretical Research (1988)Epistemic Injustice (2007)
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References

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
  • 1988Prospect theory: An analysis of decision under risk32,475 cited
  • 1974Judgment under Uncertainty: Heuristics and Biases28,742 cited
  • 1975Judgment under Uncertainty: Heuristics and Biases22,647 cited
  • 1981The Framing of Decisions and the Psychology of Choice17,834 cited
  • 1994Decisions with Multiple Objectives: Preferences and Value Tradeoffs.8,369 cited
  • 1984Choices, values, and frames.6,505 cited
  • 2013Choices, Values, and Frames5,320 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1977Decisions with Multiple Objectives—Preferences and Value Tradeoffs1,743 cited
  • 1971Reversals of preference between bids and choices in gambling decisions.1,571 cited
  • 2006Economic Theory of Choice and the Preference Reversal Phenomenon1,173 cited
  • 1980Utility Functions for Life Years and Health Status675 cited
  • 1983Preference reversals: A broader perspective604 cited
  • 1987Expression theory and the preference reversal phenomena.

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  • 1997Incorporating Risk Attitude into Markov-process Decision Models:62 cited
  • 2003Similarity of personal preferences: Theoretical foundations and empirical analysis45 cited
  • 1997An Experimental Test of a General Class of Utility Models: Evidence for Context Dependency28 cited
  • 2017Preference-Sensitive Management of Post-Mammography Decisions in Breast Cancer Diagnosis21 cited
  • 1992Generic Analysis of Utility Models19 cited
  • 2013Prospect theory in the health domain: A quantitative assessment0 cited