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The effects of uncertainty on the WTA–WTP gap
16 references·0 citing·35 second hop
The effects of uncertainty on the WTA–WTP gap (2014)The effects of uncertainty on the WTA–WTP…Consumer's Surplus Without Apology (2016)Consumer's Surplus Without Ap…Handbook on Experimental Economics and the Environment (2013)Handbook on Experimental Econ…One theory for two different risk premia (2012)One theory for two different …The Willingness to Pay—Willingness to Accept Gap, the “Endowment Effect,” Subject Misconceptions, and Experimental Procedures for Eliciting Valuations: Comment (2011)The Willingness to Pay—Willin…Uncertainty, Risk Aversion, and WTA vs. WTP (2009)Uncertainty, Risk Aversion, a…A psychological law of inertia and the illusion of loss aversion (2006)A psychological law of inerti…A psychological law of inertia and the illusion of loss aversion (2006)A psychological law of inerti…Willingness to accept, willingness to pay and the income effect (2002)Willingness to accept, willin…Willingness-to-pay and willingness-to-accept for risky and ambiguous lotteries (1995)Willingness-to-pay and willin…More laboratory evidence on the disparity between willingness to pay and compensation demanded (1989)More laboratory evidence on t…Prospect theory: An analysis of decision under risk (1988)Prospect theory: An analysis …Regret Theory: An Alternative Theory of Rational Choice Under Uncertainty (1982)Regret Theory: An Alternative…Toward a positive theory of consumer choice (1980)Toward a positive theory of c…Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Foundations of Economic Analysis. (1948)Willingness to Pay and Compensation Demanded: Experimental Evidence of an Unexpected Disparity in Measures of Value (1984)Experimental Tests of the Endowment Effect and the Coase Theorem (2000)The contingent valuation method: a review (2003)Judgment under Uncertainty: Heuristics and Biases (1974)Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)Construal-level theory of psychological distance. (2010)Happiness adaptation to income and to status in an individual panel (2010)The effect of reference point prices on mergers and acquisitions (2012)What Is Privacy Worth? (2013)American Economic Review (2019)Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine (1953)The Framing of Decisions and the Psychology of Choice (1981)Advances in prospect theory: Cumulative representation of uncertainty (1992)Individual differences in reasoning: Implications for the rationality debate? (2000)Risk as feelings. (2001)Risk, Ambiguity, and the Savage Axioms (1961)Judgment under Uncertainty: Heuristics and Biases (1975)Exploration and Exploitation in Organizational Learning (1991)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)Theory of games and economic behavior (2019)Risk Aversion and Expected-utility Theory: A Calibration Theorem (2000)A Review of WTA/WTP Studies (2002)Willingness To Pay and Willingness To Accept: How Much Can They Differ? Reply (2003)The trade-off between money and travel time: A test of the theory of reference-dependent preferences (2007)Ecosystem service value assessment for constructed wetlands: A case study in Hangzhou, China (2008)A new meta-analysis on the WTP/WTA disparity (2014)Behavioral Finance (2015)Seepage: Climate change denial and its effect on the scientific community (2015)Imagining and Knowing (2020)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)
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References

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  • 2012One theory for two different risk premia1 cited
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