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Subjective measures of household preferences and financial decisions
16 references·16 citing·37 second hopsampled
Subjective measures of household preferences and financial decisions (1999)Subjective measures of household preferen…Income Risk, Borrowing Constraints, and Portfolio Choice (1996)Income Risk, Borrowing Constr…Why do so Few Hold Stocks? (1995)Why do so Few Hold Stocks?Household Saving: Micro Theories and Micro Facts (1995)Household Saving: Micro Theor…Outcome Signs, Question Frames and Discount Rates (1993)Outcome Signs, Question Frame…Understanding Consumption (1992)Understanding ConsumptionEarnings Uncertainty and Precautionary Saving (1992)Earnings Uncertainty and Prec…Earnings uncertainty and precautionary saving (1992)Earnings uncertainty and prec…THE BEHAVIORAL LIFE‐CYCLE HYPOTHESIS (1988)THE BEHAVIORAL LIFE‐CYCLE HYP…Frames of Mind in Intertemporal Choice (1988)Frames of Mind in Intertempor…A Model of Housing Tenure Choice (1983)A Model of Housing Tenure Cho…Toward a positive theory of consumer choice (1980)Toward a positive theory of c…An Economic Theory of Self-Control (1977)An Economic Theory of Self-Co…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…Portfolio Selection (1952)Portfolio SelectionIs Financial Literacy Dangerous? Financial Literacy, Behavioral Factors, and Financial Choices of Households (2021)Is Financial Literacy Dangero…Cognitive abilities, self-efficacy, and financial behavior (2021)Cognitive abilities, self-eff…Numeracy and wealth (2016)Numeracy and wealthStock market expectations and risk aversion of individual investors (2015)Stock market expectations and…An examination of the relationship between the disposition effect and gender, age, the traded security, and bull–bear market conditions (2013)An examination of the relatio…Savings adequacy uncertainty: Driver or obstacle to increased pension contributions? (2012)Savings adequacy uncertainty:…Risk aversionvs.individualism: what drives risk taking in household finance? (2012)Risk aversionvs.individualism…HOUSEHOLD DEBT AND ATTITUDES TOWARD RISK (2012)HOUSEHOLD DEBT AND ATTITUDES …A longitudinal study of financial risk tolerance (2012)A longitudinal study of finan…Financial Literacy, Risk Aversion and Choice of Mortgage Type by Households (2011)Financial Literacy, Risk Aver…Preference Heterogeneity in Experiments: Comparing the Field and Laboratory (2007)Preference Heterogeneity in E…Why individual investors want dividends (2005)Why individual investors want…Debt and Financial Expectations: An Individual- and Household-Level Analysis (2004)Debt and Financial Expectatio…Hypothetical Intertemporal Consumption Choices (2003)Hypothetical Intertemporal Co…Effects of Marriage and Children on Financial Risk Tolerance: A Synthesis of Family Development and Prospect Theory (2003)Effects of Marriage and Child…Household Portfolios in the Netherlands (2001)Household Portfolios in the N…Judgment under Uncertainty: Heuristics and Biases (1974)Prospect Theory: An Analysis of Decision under Risk (1979)The Framing of Decisions and the Psychology of Choice (1981)Prospect theory: An analysis of decision under risk (1988)Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)Construal-level theory of psychological distance. (2010)The Principles of Psychology (1891)Delay of Gratification in Children (1989)Doing It Now or Later (1999)Mental accounting matters (1999)Myopia and Inconsistency in Dynamic Utility Maximization (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence (1985)Handbook of Emotions (1993)Implications of rational inattention (2003)Co-Integration and Error Correction: Representation, Estimation, and Testing (1987)Testing for a Unit Root in Time Series Regression (1988)Endogenous Technological Change (1990)Dynamic Econometrics (1995)Precautionary Saving and Social Insurance (1995)From Physical to Human Capital Accumulation: Inequality and the Process of Development (2004)The analysis of household surveys (1997)How do house prices affect consumption? Evidence from micro data (2006)The Economic Importance of Financial Literacy: Theory and Evidence (2013)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)On the measurement of inequality (1970)Risk Aversion and Incentive Effects (2002)Gender Differences in the Allocation of Assets in Retirement Savings Plans (1998)Strategic Asset Allocation (2002)Down or Out: Assessing the Welfare Costs of Household Investment Mistakes (2007)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)An intertemporal asset pricing model with stochastic consumption and investment opportunities (1979)Conditional value-at-risk for general loss distributions (2002)The Capital Asset Pricing Model: Theory and Evidence (2004)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

  • 1980Toward a positive theory of consumer choice5,574 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1952Portfolio Selection4,609 cited
  • 1966Aspects of the Theory of Risk-Bearing.1,888 cited
  • 1988THE BEHAVIORAL LIFE‐CYCLE HYPOTHESIS1,702 cited
  • 1977An Economic Theory of Self-Control1,575 cited
  • 1992Understanding Consumption1,461 cited
  • 1995Why do so Few Hold Stocks?1,078 cited
  • 1995Household Saving: Micro Theories and Micro Facts710 cited
  • 1983A Model of Housing Tenure Choice698 cited
  • 1988Frames of Mind in Intertemporal Choice637 cited
  • 1996Income Risk, Borrowing Constraints, and Portfolio Choice421 cited
  • 1992Earnings uncertainty and precautionary saving361 cited
  • 1992Earnings Uncertainty and Precautionary Saving260 cited
  • 1993Outcome Signs, Question Frames and Discount Rates177 cited

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Preference Heterogeneity in Experiments: Comparing the Field and Laboratory
165 cited
  • 2012Risk aversionvs.individualism: what drives risk taking in household finance?153 cited
  • 2012A longitudinal study of financial risk tolerance140 cited
  • 2003Effects of Marriage and Children on Financial Risk Tolerance: A Synthesis of Family Development and Prospect Theory133 cited
  • 2005Why individual investors want dividends122 cited
  • 2021Is Financial Literacy Dangerous? Financial Literacy, Behavioral Factors, and Financial Choices of Households122 cited
  • 2004Debt and Financial Expectations: An Individual- and Household-Level Analysis122 cited
  • 2021Cognitive abilities, self-efficacy, and financial behavior82 cited
  • 2011Financial Literacy, Risk Aversion and Choice of Mortgage Type by Households78 cited
  • 2001Household Portfolios in the Netherlands74 cited
  • 2012HOUSEHOLD DEBT AND ATTITUDES TOWARD RISK72 cited
  • 2016Numeracy and wealth65 cited
  • 2003Hypothetical Intertemporal Consumption Choices57 cited
  • 2012Savings adequacy uncertainty: Driver or obstacle to increased pension contributions?54 cited
  • 2015Stock market expectations and risk aversion of individual investors52 cited
  • 2013An examination of the relationship between the disposition effect and gender, age, the traded security, and bull–bear market conditions51 cited