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Separating curvature and elevation: A parametric probability weighting function
16 references·16 citing·21 second hopsampled
Separating curvature and elevation: A parametric probability weighting function (2010)Separating curvature and elevation: A par…Theory of games and economic behavior (2019)Theory of games and economic …Subjective probability and expected utility without additivity (2004)Subjective probability and ex…On the Shape of the Probability Weighting Function (1999)On the Shape of the Probabili…The Probability Weighting Function (1998)The Probability Weighting Fun…Advances in prospect theory: Cumulative representation of uncertainty (1992)Advances in prospect theory: …Subjective Probability and Expected Utility without Additivity (1989)Subjective Probability and Ex…Prospect theory: An analysis of decision under risk (1988)Prospect theory: An analysis …The Dual Theory of Choice under Risk (1987)The Dual Theory of Choice und…Disappointment in Decision Making Under Uncertainty (1985)Disappointment in Decision Ma…A theory of anticipated utility (1982)A theory of anticipated utili…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…Essays in the Theory of Risk-Bearing. (1972)Essays in the Theory of Risk-…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine (1953)Le Comportement de l'Homme Ra…The Theory of Games and Economic Behavior (1945)The Theory of Games and Econo…Skewness Preferences in Choice under Risk (2019)Skewness Preferences in Choic…Aversion to risk of regret and preference for positively skewed risks (2018)Aversion to risk of regret an…A revealed reference point for prospect theory (2018)A revealed reference point fo…The Effect of Learning on Ambiguity Attitudes (2017)The Effect of Learning on Amb…Stake effects on ambiguity attitudes for gains and losses (2017)Stake effects on ambiguity at…How the twain can meet: Prospect theory and models of heuristics in risky choice (2017)How the twain can meet: Prosp…How Affect Shapes Risky Choice: Distorted Probability Weighting Versus Probability Neglect (2015)How Affect Shapes Risky Choic…The Effect of Decentralized Behavioral Decision Making on System‐Level Risk (2014)The Effect of Decentralized B…Music-evoked incidental happiness modulates probability weighting during risky lottery choices (2014)Music-evoked incidental happi…Risk behavior for gain, loss, and mixed prospects (2013)Risk behavior for gain, loss,…Prospect Theory and the Brain (2013)Prospect Theory and the BrainThe Missing Link: Unifying Risk Taking and Time Discounting (2012)The Missing Link: Unifying Ri…Risk attitudes, development, and growth: Macroeconomic evidence from experiments in 30 countries (2012)Risk attitudes, development, …A genuine foundation for prospect theory (2012)A genuine foundation for pros…Moderate stake variations for risk and uncertainty, gains and losses: Methodological implications for comparative studies (2011)Moderate stake variations for…Accounting for optimism and pessimism in expected utility (2011)Accounting for optimism and p…Judgment under Uncertainty: Heuristics and Biases (1975)Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)Individual differences in reasoning: Implications for the rationality debate? (2000)A perspective on judgment and choice: Mapping bounded rationality. (2003)Risk, Ambiguity, and the Savage Axioms (1961)The Framing of Decisions and the Psychology of Choice (1981)Exploration and Exploitation in Organizational Learning (1991)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)Moral Hazard and Observability (1979)The New Institutional Economics: Taking Stock, Looking Ahead (2000)RATIONAL CHOICE AND THE FRAMING OF DECISIONS (1988)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)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

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
  • 1988Prospect theory: An analysis of decision under risk32,475 cited
  • 2019Theory of games and economic behavior16,630 cited
  • 1992Advances in prospect theory: Cumulative representation of uncertainty15,457 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
  • 1953Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine4,117 cited
  • 1972Essays in the Theory of Risk-Bearing.3,991 cited
  • 1982A theory of anticipated utility3,136 cited
  • 2004Subjective probability and expected utility without additivity2,510 cited
  • 1987The Dual Theory of Choice under Risk2,426 cited
  • 1989Subjective Probability and Expected Utility without Additivity2,308 cited
  • 1998The Probability Weighting Function1,998 cited
  • 1999On the Shape of the Probability Weighting Function1,393 cited
  • 1985Disappointment in Decision Making Under Uncertainty

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Cited by

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  • 2017How the twain can meet: Prospect theory and models of heuristics in risky choice71 cited
  • 2014Music-evoked incidental happiness modulates probability weighting during risky lottery choices67 cited
  • 2012The Missing Link: Unifying Risk Taking and Time Discounting62 cited
  • 2018A revealed reference point for prospect theory49 cited
  • 2013Prospect Theory and the Brain41 cited
  • 2017Stake effects on ambiguity attitudes for gains and losses37 cited
  • 2012A genuine foundation for prospect theory36 cited
  • 2018Aversion to risk of regret and preference for positively skewed risks32 cited
  • 2011Moderate stake variations for risk and uncertainty, gains and losses: Methodological implications for comparative studies24 cited
  • 2012Risk attitudes, development, and growth: Macroeconomic evidence from experiments in 30 countries24 cited
  • 2011Accounting for optimism and pessimism in expected utility21 cited
  • 2019Skewness Preferences in Choice under Risk18 cited
  • 2014The Effect of Decentralized Behavioral Decision Making on System‐Level Risk17 cited
  • 2013Risk behavior for gain, loss, and mixed prospects16 cited