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Time preferences, conditional risk preferences, and two-period cardinal utility
16 references·4 citing·28 second hop
Time preferences, conditional risk preferences, and two-period cardinal utility (1978)Time preferences, conditional risk prefer…Theory of games and economic behavior (2019)Theory of games and economic …Temporal Resolution of Uncertainty and Dynamic Choice Theory (1978)Temporal Resolution of Uncert…A New Representation of Preferences over "Certain x Uncertain" Consumption Pairs: The "Ordinal Certainty Equivalent" Hypothesis (1978)A New Representation of Prefe…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Essays in the Theory of Risk-Bearing. (1972)Essays in the Theory of Risk-…Continuity properties of a von Neumann-Morgenstern utility (1972)Continuity properties of a vo…Consumption decisions under uncertainty (1972)Consumption decisions under u…Uncertainty and Optimal Consumption Decisions (1971)Uncertainty and Optimal Consu…Investment, Interest and Capital. (1971)Investment, Interest and Capi…The Effect of Uncertainty on Saving Decisions (1970)The Effect of Uncertainty on …Investment, Interest and Capital. (1970)Investment, Interest and Capi…Capital Risk, Consumption, and Portfolio Choice (1969)Capital Risk, Consumption, an…Saving and Uncertainty: The Precautionary Demand for Saving (1968)Saving and Uncertainty: The P…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Portfolio Selection: Efficient Diversification of Investments (1959)Portfolio Selection: Efficien…The Theory of Games and Economic Behavior (1945)The Theory of Games and Econo…Risk neutrality regions (2015)Risk neutrality regionsHabit Formation and Risk Preference Dependence (2014)Habit Formation and Risk Pref…Univariate Versus Bivariate Strong Independence (2013)Univariate Versus Bivariate S…On the recoverability of risk and time preferences from consumption and asset demands (1984)On the recoverability of risk…Theory of Value (1959)THE EQUITY PREMIUM PUZZLE AND THE RISK-FREE RATE PUZZLE (1988)The Equity Premium Puzzle and the Riskfree Rate Puzzle (1989)DO NATURAL DISASTERS PROMOTE LONG‐RUN GROWTH? (2002)Utility Theory for Decision Making (1971)Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework (1989)A Smooth Model of Decision Making under Ambiguity (2005)Expected Stock Returns and Variance Risk Premia (2009)Macroeconomic determinants of growth: Cross-country evidence (1985)An empirical analysis of cross-national economic growth, 1951–1980 (1989)The Buffer-Stock Theory of Saving: Some Macroeconomic Evidence (1992)Moral Hazard and Observability (1979)Prospect theory: An analysis of decision under risk (1988)The New Institutional Economics: Taking Stock, Looking Ahead (2000)Precautionary Saving in the Small and in the Large (1989)Toward a positive theory of consumer choice (1980)Non-cooperative games (1989)Frontiers in Group Dynamics (1947)A Method for Evaluating the Distribution of Power in a Committee System (1954)Measurement of health state utilities for economic appraisal (1986)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)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

  • 2019Theory of games and economic behavior16,630 cited
  • 1959Portfolio Selection: Efficient Diversification of Investments5,535 cited
  • 1945The Theory of Games and Economic Behavior5,134 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1972Essays in the Theory of Risk-Bearing.3,991 cited
  • 1978Temporal Resolution of Uncertainty and Dynamic Choice Theory1,822 cited
  • 1968Saving and Uncertainty: The Precautionary Demand for Saving1,376 cited
  • 1970The Effect of Uncertainty on Saving Decisions923 cited
  • 1972Consumption decisions under uncertainty583 cited
  • 1971Investment, Interest and Capital.382 cited
  • 1970Investment, Interest and Capital.228 cited
  • 1978A New Representation of Preferences over "Certain x Uncertain" Consumption Pairs: The "Ordinal Certainty Equivalent" Hypothesis217 cited
  • 1971Uncertainty and Optimal Consumption Decisions208 cited
  • 1972Continuity properties of a von Neumann-Morgenstern utility127 cited
  • 1969Capital Risk, Consumption, and Portfolio Choice

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121 cited

Cited by

  • 1984On the recoverability of risk and time preferences from consumption and asset demands4 cited
  • 2013Univariate Versus Bivariate Strong Independence0 cited
  • 2014Habit Formation and Risk Preference Dependence0 cited
  • 2015Risk neutrality regions0 cited