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Measuring the Utility of Losses by Means of the Tradeoff Method
16 references·16 citing·20 second hopsampled
Measuring the Utility of Losses by Means of the Tradeoff Method (1998)Measuring the Utility of Losses by Means …Theory of games and economic behavior (2019)Theory of games and economic …Advances in prospect theory: Cumulative representation of uncertainty (1992)Advances in prospect theory: …Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice (1990)Gambling with the House Money…Prospect theory: An analysis of decision under risk (1988)Prospect theory: An analysis …Principles of Economics (1982)Principles of EconomicsA 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…Judgment under Uncertainty: Heuristics and Biases (1975)Judgment under Uncertainty: H…Judgment under Uncertainty: Heuristics and Biases (1974)Judgment under Uncertainty: H…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…The theory of decision making. (1954)The theory of decision making.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 of Wealth (1952)The Utility of WealthA Note on Measurement of Utility (1937)A Note on Measurement of Util…Acceptable losses: the debatable origins of loss aversion (2018)Acceptable losses: the debata…Eliciting Prospect Theory When Consequences Are Measured in Time Units: “Time Is Not Money” (2013)Eliciting Prospect Theory Whe…Aggregating imprecise or conflicting beliefs: An experimental investigation using modern ambiguity theories (2012)Aggregating imprecise or conf…Monetary incentives in the loss domain and behavior toward risk: An experimental comparison of three reward schemes including real losses (2010)Monetary incentives in the lo…Stability of risk preferences and the reflection effect of prospect theory (2009)Stability of risk preferences…Intertemporal Tradeoffs for Gains and Losses: An Experimental Measurement of Discounted Utility (2009)Intertemporal Tradeoffs for G…Effects of loss aversion on post-decision wagering: Implications for measures of awareness (2009)Effects of loss aversion on p…Risk Aversion in Cumulative Prospect Theory (2008)Risk Aversion in Cumulative P…Prospect and Markowitz stochastic dominance (2007)Prospect and Markowitz stocha…The Effect of Reference Point on Stochastic Network Equilibrium (2006)The Effect of Reference Point…Stochastic dominance and mean–variance measures of profit and loss for business planning and investment (2006)Stochastic dominance and mean…Using Combined-Currency Prices to Lower Consumers’ Perceived Cost (2004)Using Combined-Currency Price…Preference Foundations for Nonexpected Utility: A Generalized and Simplified Technique (2003)Preference Foundations for No…Behavioral finance and asset prices: Where do we stand? (2003)Behavioral finance and asset …A simple preference foundation of cumulative prospect theory with power utility (2002)A simple preference foundatio…An Axiomatization of Cumulative Prospect Theory for Decision Under Risk (1999)An Axiomatization of Cumulati…Subjective probability: A judgment of representativeness (1972)Availability: A heuristic for judging frequency and probability (1973)On the psychology of prediction. (1973)The Framing of Decisions and the Psychology of Choice (1981)Risk, Ambiguity, and the Savage Axioms (1961)Exploration and Exploitation in Organizational Learning (1991)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)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)RATIONAL CHOICE AND THE FRAMING OF DECISIONS (1988)Toward a positive theory of consumer choice (1980)Non-cooperative games (1989)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)Development of NASA-TLX (Task Load Index): Results of Empirical and Theoretical Research (1988)Epistemic Injustice (2007)
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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
  • 1974Judgment under Uncertainty: Heuristics and Biases28,742 cited
  • 1975Judgment under Uncertainty: Heuristics and Biases22,647 cited
  • 2019Theory of games and economic behavior16,630 cited
  • 1992Advances in prospect theory: Cumulative representation of uncertainty15,457 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
  • 1982A theory of anticipated utility3,136 cited
  • 1982Principles of Economics3,108 cited
  • 1954Exposition of a New Theory on the Measurement of Risk2,787 cited
  • 1954The theory of decision making.2,708 cited
  • 1990Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice2,378 cited
  • 1937A Note on Measurement of Utility2,177 cited
  • 1952The Utility of Wealth

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  • 2006The Effect of Reference Point on Stochastic Network Equilibrium129 cited
  • 2003Preference Foundations for Nonexpected Utility: A Generalized and Simplified Technique126 cited
  • 2018Acceptable losses: the debatable origins of loss aversion118 cited
  • 2009Intertemporal Tradeoffs for Gains and Losses: An Experimental Measurement of Discounted Utility115 cited
  • 2007Prospect and Markowitz stochastic dominance106 cited
  • 2004Using Combined-Currency Prices to Lower Consumers’ Perceived Cost98 cited
  • 2013Eliciting Prospect Theory When Consequences Are Measured in Time Units: “Time Is Not Money”90 cited
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  • 2009Stability of risk preferences and the reflection effect of prospect theory72 cited
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