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Local consistency of risk preferences
15 references·0 citing·32 second hop
Local consistency of risk preferences (1983)Local consistency of risk preferencesAn Experimental Measurement of Utility (2007)An Experimental Measurement o…Prospect theory: An analysis of decision under risk (1988)Prospect theory: An analysis …Implications of constant risk aversion (1981)Implications of constant risk…The Pricing of Contingent Claims in Discrete Time Models (1979)The Pricing of Contingent Cla…Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …THE DEMAND FOR RISKY ASSETS (1977)THE DEMAND FOR RISKY ASSETSRisk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…On Additive Premium Calculation Principles (1974)On Additive Premium Calculati…The Theory of Syndicates (1968)The Theory of SyndicatesEntscheidungskriterien bei Risiko (1967)Entscheidungskriterien bei Ri…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…A general theory of measurement applications to utility (1959)A general theory of measureme…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 Utility of Wealth (1952)The Utility of WealthAn Experimental Measurement of Utility (1951)An Experimental Measurement o…Criteria for Choice Among Risky Ventures (1959)An Intertemporal Capital Asset Pricing Model (1973)The Rationale of the Mean-Standard Deviation Analysis, Skewness Preference, and the Demand for Money (1989)Why do people pay taxes? (1992)Economic foundations of cost-effectiveness analysis (1997)Inequality, Social Insurance, and Redistribution (2001)The Pricing of Options and Corporate Liabilities (1973)Theory of Rational Option Pricing (1973)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Who Should Buy Portfolio Insurance? (1980)The Nature of Option Interactions and the Valuation of Investments with Multiple Real Options (1993)Gain, Loss, and Asset Pricing (2000)Risk, Ambiguity, and the Savage Axioms (1961)Judgment under Uncertainty: Heuristics and Biases (1975)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)Theory of games and economic behavior (2019)Moral Hazard and Observability (1979)Optimal contracts and competitive markets with costly state verification (1979)Signaling in Retrospect and the Informational Structure of Markets (2002)Handbook of Emotions (1993)Well-being : the foundations of hedonic psychology (1999)Investor Psychology and Asset Pricing (2001)Advances in prospect theory: Cumulative representation of uncertainty (1992)Financial Intermediation and Delegated Monitoring (1984)Random Orderings and Stochastic Theories of Responses (1960) (1974)Why Study Risk Perception? (1982)Cumulative prospect theory's functional menagerie (2006)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
  • 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
  • 1952The Utility of Wealth1,845 cited
  • 1968The Theory of Syndicates1,178 cited
  • 1977THE DEMAND FOR RISKY ASSETS1,052 cited
  • 1979The Pricing of Contingent Claims in Discrete Time Models546 cited
  • 1951An Experimental Measurement of Utility487 cited
  • 2007An Experimental Measurement of Utility418 cited
  • 1967Entscheidungskriterien bei Risiko368 cited
  • 1959A general theory of measurement applications to utility135 cited
  • 1974On Additive Premium Calculation Principles96 cited
  • 1981Implications of constant risk aversion73 cited

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