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The Effect of Reference Point on Stochastic Network Equilibrium
16 references·16 citing·26 second hopsampled
The Effect of Reference Point on Stochastic Network Equilibrium (2006)The Effect of Reference Point on Stochast…Theory of games and economic behavior (2019)Theory of games and economic …The Theory of Learning in Games (1998)The Theory of Learning in Gam…The Probability Weighting Function (1998)The Probability Weighting Fun…Myopic Loss Aversion and the Equity Premium Puzzle (1995)Myopic Loss Aversion and the …Advances in prospect theory: Cumulative representation of uncertainty (1992)Advances in prospect theory: …Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)Loss Aversion in Riskless Cho…Prospect theory: An analysis of decision under risk (1988)Prospect theory: An analysis …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…Crime and Punishment: An Economic Approach (1968)Crime and Punishment: An Econ…Aspects of the Theory of Risk-Bearing. (1966)Aspects of the Theory of Risk…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Exposition of a New Theory on the Measurement of Risk (1954)Exposition of a New Theory on…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 Analysis of Choices Involving Risk (1948)The Utility Analysis of Choic…Theory of Games and Economic Behavior (1945)Theory of Games and Economic …Travel time reliability in transportation networks: A review of methodological developments (2022)Travel time reliability in tr…Modeling effects of travel time reliability on mode choice using cumulative prospect theory (2019)Modeling effects of travel ti…A cumulative prospect theory approach to commuters’ day-to-day route-choice modeling with friends’ travel information (2017)A cumulative prospect theory …From user equilibrium to system optimum: a literature review on the role of travel information, bounded rationality and non-selfish behaviour at the network and individual levels (2016)From user equilibrium to syst…A regret theory-based route choice model (2016)A regret theory-based route c…Tradable credit scheme for mobility management considering travelers’ loss aversion (2014)Tradable credit scheme for mo…Development of an enhanced route choice model based on cumulative prospect theory (2014)Development of an enhanced ro…A State-of-the-Art Review: Developments in Utility Theory, Prospect Theory and Regret Theory to Investigate Travellers' Behaviour in Situations Involving Travel Time Uncertainty (2014)A State-of-the-Art Review: De…An application of cumulative prospect theory to freeway drivers’ route choice behaviours (2013)An application of cumulative …On the use and potential of behavioural economics from the perspective of transport and climate change (2012)On the use and potential of b…Expected Utility Theory, Prospect Theory, and Regret Theory Compared for Prediction of Route Choice Behavior (2011)Expected Utility Theory, Pros…Dynamic traffic assignment: model classifications and recent advances in travel choice principles (2011)Dynamic traffic assignment: m…Prospect Theoretic Contributions in Understanding Traveller Behaviour: A Review and Some Comments (2010)Prospect Theoretic Contributi…Experimental Economics in Transportation (2010)Experimental Economics in Tra…Measuring and modeling activity and travel well-being (2009)Measuring and modeling activi…Identification of Parameters for a Prospect Theory Model for Travel Choice Analysis (2008)Identification of Parameters …Status quo bias in decision making (1988)A Theory of Fairness, Competition, and Cooperation (1999)Time Discounting and Time Preference: A Critical Review (2002)Judgment under Uncertainty: Heuristics and Biases (1975)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)Economic Welfare and the Allocation of Resources for Invention (1962)Irrational Behavior and Economic Theory (1962)What Can Regulators Regulate? The Case of Electricity (1962)Income tax evasion: a theoretical analysis (1972)Advertising as Information (1974)Adolescence-limited and life-course-persistent antisocial behavior: A developmental taxonomy. (1993)Toward a positive theory of consumer choice (1980)Non-cooperative games (1989)Correlated Equilibrium as an Expression of Bayesian Rationality (1987)Multiagent systems: algorithmic, game-theoretic, and logical foundations (2009)Evolutionary Game Theory (2011)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
  • 1968Crime and Punishment: An Economic Approach13,984 cited
  • 1991Loss Aversion in Riskless Choice: A Reference-Dependent Model6,428 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
  • 1945Theory of Games and Economic Behavior3,887 cited
  • 1948The Utility Analysis of Choices Involving Risk3,097 cited
  • 1954Exposition of a New Theory on the Measurement of Risk2,787 cited
  • 1995Myopic Loss Aversion and the Equity Premium Puzzle2,486 cited
  • 1998The Theory of Learning in Games2,433 cited
  • 1998The Probability Weighting Function1,998 cited
  • 1966Aspects of the Theory of Risk-Bearing.

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  • 2019Modeling effects of travel time reliability on mode choice using cumulative prospect theory93 cited
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  • 2014A State-of-the-Art Review: Developments in Utility Theory, Prospect Theory and Regret Theory to Investigate Travellers' Behaviour in Situations Involving Travel Time Uncertainty89 cited
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  • 2010Prospect Theoretic Contributions in Understanding Traveller Behaviour: A Review and Some Comments83 cited
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  • 2016From user equilibrium to system optimum: a literature review on the role of travel information, bounded rationality and non-selfish behaviour at the network and individual levels80 cited
  • 2014Tradable credit scheme for mobility management considering travelers’ loss aversion77 cited
  • 2010Experimental Economics in Transportation71 cited
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  • 2009Measuring and modeling activity and travel well-being52 cited
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