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On the willingness to pay to reduce risks of small losses
12 references·1 citing·41 second hop
On the willingness to pay to reduce risks of small losses (2008)On the willingness to pay to reduce risks…Multiplicative Background Risk (2006)Multiplicative Background RiskOn the Propensity to Self-Protect (2000)On the Propensity to Self-Pro…Should More Risk-Averse Agents Exert More Effort? (1999)Should More Risk-Averse Agent…Willingness to pay, the risk premium and risk aversion (1997)Willingness to pay, the risk …Risk Vulnerability and the Tempering Effect of Background Risk (1996)Risk Vulnerability and the Te…Absolute and relative risk aversion: An experimental study (1994)Absolute and relative risk av…Self-insurance, self-protection and increased risk aversion (1985)Self-insurance, self-protecti…Preservation of “more risk averse” under expectations (1982)Preservation of “more risk av…Risk Aversion with Random Initial Wealth (1981)Risk Aversion with Random Ini…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…The Value of Changes in the Probability of Death or Injury (1974)The Value of Changes in the P…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Does Inefficient Risk Sharing Increase Public Self-Protection? (2017)Does Inefficient Risk Sharing…Portfolio Selection: Efficient Diversification of Investments (1959)Portfolio Selection: Efficient Diversification of Investments. (1962)Optimal Insurance in Incomplete Markets (1983)Rational Insurance Purchasing: Consideration of Contract Nonperformance (1990)Background Risk, Prudence, and the Demand for Insurance (1992)The Utility Analysis of Choices Involving Risk (1948)Aspects of the Theory of Risk-Bearing. (1966)Evaluation of Life and Limb: A Theoretical Approach (1971)Valuing Mortality-Risk Reduction: Using Visual Aids to Improve the Validity of Contingent Valuation (2001)The Income Elasticity of the Value per Statistical Life: Transferring Estimates between High and Low Income Populations (2011)The Willingness to Pay for a Quality Adjusted Life Year: A Review of the Empirical Literature (2014)Increases in risk and in risk aversion (1974)Market Insurance, Self-Insurance, and Self-Protection (1992)Econometric Models of Insurance under Asymmetric Information (2000)The Effect of Ambiguity Aversion on Insurance and Self‐protection (2013)The Theory of Insurance Demand (2013)Essays in the Theory of Risk-Bearing. (1972)Who Buys and Who Sells Options: The Role of Options in an Economy with Background Risk (1998)Optimal risk sharing with background risk (2005)Some Stronger Measures of Risk Aversion in the Small and the Large with Applications (1981)Risk Aversion and the Propensities for Self-Insurance and Self-Protection (1990)Multiple Dimensions of Private Information: Evidence from the Long-Term Care Insurance Market (2006)Risk Management: History, Definition, and Critique (2013)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)GENDER‐BASED RISK AVERSION AND RETIREMENT ASSET ALLOCATION (2010)“Last-Place Aversion”: Evidence and Redistributive Implications * (2013)\nRankings and Risk-Taking in the Finance Industry (2018)Precautionary Saving in the Small and in the Large (1989)Strategic Asset Allocation (2002)Risk Aversion in the Laboratory (2008)Risk-Taking Behavior in the Wake of Natural Disasters (2012)Risky Choices and Correlated Background Risk (2005)Agricultural Risk and the Spread of Religious Communities (2017)Risk-Factor Disclosure and Asset Prices (2017)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (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)
this work references cited by second hop

References

  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1996Risk Vulnerability and the Tempering Effect of Background Risk765 cited
  • 1974The Value of Changes in the Probability of Death or Injury338 cited
  • 1985Self-insurance, self-protection and increased risk aversion335 cited
  • 1981Risk Aversion with Random Initial Wealth235 cited
  • 1999Should More Risk-Averse Agents Exert More Effort?193 cited
  • 1994Absolute and relative risk aversion: An experimental study192 cited
  • 1982Preservation of “more risk averse” under expectations112 cited
  • 2006Multiplicative Background Risk108 cited
  • 2000On the Propensity to Self-Protect66 cited
  • 1997Willingness to pay, the risk premium and risk aversion24 cited

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  • 2017Does Inefficient Risk Sharing Increase Public Self-Protection?1 cited

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