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Two Paradigms and Nobel Prizes in Economics: A Contradiction or Coexistence?
16 references·16 citing·24 second hopsampled
Two Paradigms and Nobel Prizes in Economics: A Contradiction or Coexistence? (2003)Two Paradigms and Nobel Prizes in Economi…Are Investors Reluctant to Realize Their Losses? (1998)Are Investors Reluctant to Re…The Cross-Section of Expected Stock Returns (1992)The Cross-Section of Expected…Advances in prospect theory: Cumulative representation of uncertainty (1992)Advances in prospect theory: …A Simple Model of Capital Market Equilibrium with Incomplete Information (1987)A Simple Model of Capital Mar…The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence (1985)The Disposition to Sell Winne…A theory of anticipated utility (1982)A theory of anticipated utili…Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …A critique of the asset pricing theory's tests Part I: On past and potential testability of the theory (1977)A critique of the asset prici…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…An Intertemporal Capital Asset Pricing Model (1973)An Intertemporal Capital Asse…Capital Market Equilibrium with Restricted Borrowing (1972)Capital Market Equilibrium wi…Equilibrium in a Capital Asset Market (1966)Equilibrium in a Capital Asse…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)CAPITAL ASSET PRICES: A THEOR…Liquidity Preference as Behavior Towards Risk (1958)Liquidity Preference as Behav…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…PORTFOLIO SELECTION* (1952)PORTFOLIO SELECTION*CAPM: An Absurd Model (2015)CAPM: An Absurd ModelProspect Theory and market quality (2013)Prospect Theory and market qu…Happiness Research: State and Prospects (2005)Happiness Research: State and…The Value of Autonomy: Evidence from the Self-Employed in 23 Countries (2004)The Value of Autonomy: Eviden…The Role of Equality, Efficiency, and Rawlsian Motives in Social Preferences: A Reply to Engelmann and Strobel (2004)The Role of Equality, Efficie…The Role of Direct Democracy and Federalism in Local Power (2004)The Role of Direct Democracy …Matching Donations: Subsidizing Charitable Giving in a Field Experiment (2004)Matching Donations: Subsidizi…Fairness, Errors and the Power of Competition (2004)Fairness, Errors and the Powe…Efficient Elicitation of Utility and Probability Weighting Functions (2004)Efficient Elicitation of Util…'Just Forget it' Memory Distortion as Bounded Rationality (2004)'Just Forget it' Memory Disto…The Role of Income Aspirations in Individual Happiness (2003)The Role of Income Aspiration…Money and Reciprocity (2003)Money and ReciprocityDirect Democracy for Transition Countries (2003)Direct Democracy for Transiti…Corporate Governance for Crooks? The Case for Corporate Virtue (2003)Corporate Governance for Croo…Agents' Rationality and the Chf/Usd Exchange Rate Part Ii (2003)Agents' Rationality and the C…Agents' Rationality and the Chf/Usd Exchange Rate Part 1 (2003)Agents' Rationality and the C…The Framing of Decisions and the Psychology of Choice (1981)The Limits of Arbitrage (1995)Illiquidity and stock returns: cross-section and time-series effects (2002)The Cross‐Section of Volatility and Expected Returns (2006)Judgment under Uncertainty: Heuristics and Biases (1975)Prospect theory: An analysis of decision under risk (1988)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)The Behavior of Stock-Market Prices (1965)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)On Persistence in Mutual Fund Performance (1997)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)The Pricing of Options and Corporate Liabilities (1973)Option pricing when underlying stock returns are discontinuous (1976)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Common risk factors in the returns on stocks and bonds (1993)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)Conditional value-at-risk for general loss distributions (2002)Optimal Versus Naive Diversification: How Inefficient is the 1/ N Portfolio Strategy? (2007)The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis (2008)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
  • 1964CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*19,431 cited
  • 1992The Cross-Section of Expected Stock Returns17,251 cited
  • 1992Advances in prospect theory: Cumulative representation of uncertainty15,457 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1952PORTFOLIO SELECTION*13,480 cited
  • 1973An Intertemporal Capital Asset Pricing Model6,557 cited
  • 1987A Simple Model of Capital Market Equilibrium with Incomplete Information5,808 cited
  • 1966Equilibrium in a Capital Asset Market4,896 cited
  • 1953Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine4,117 cited
  • 1958Liquidity Preference as Behavior Towards Risk3,916 cited
  • 1998Are Investors Reluctant to Realize Their Losses?3,721 cited
  • 1985The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence3,550 cited
  • 1982A theory of anticipated utility3,136 cited
  • 1972Capital Market Equilibrium with Restricted Borrowing3,097 cited

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1977
A critique of the asset pricing theory's tests Part I: On past and potential testability of the theory
3,006 cited

Cited by

  • 2005Happiness Research: State and Prospects253 cited
  • 2003The Role of Income Aspirations in Individual Happiness96 cited
  • 2004The Role of Direct Democracy and Federalism in Local Power86 cited
  • 2004The Value of Autonomy: Evidence from the Self-Employed in 23 Countries80 cited
  • 2003Direct Democracy for Transition Countries74 cited
  • 2004Fairness, Errors and the Power of Competition64 cited
  • 2015CAPM: An Absurd Model61 cited
  • 2004Matching Donations: Subsidizing Charitable Giving in a Field Experiment46 cited
  • 2004The Role of Equality, Efficiency, and Rawlsian Motives in Social Preferences: A Reply to Engelmann and Strobel42 cited
  • 2013Prospect Theory and market quality40 cited
  • 2003Money and Reciprocity33 cited
  • 2004'Just Forget it' Memory Distortion as Bounded Rationality32 cited
  • 2003Agents' Rationality and the Chf/Usd Exchange Rate Part Ii26 cited
  • 2003Corporate Governance for Crooks? The Case for Corporate Virtue21 cited
  • 2003Agents' Rationality and the Chf/Usd Exchange Rate Part 117 cited
  • 2004Efficient Elicitation of Utility and Probability Weighting Functions8 cited