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The Economics of Optimal Insurance Design
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The Economics of Optimal Insurance Design (2013)The Economics of Optimal Insurance DesignA Smooth Model of Decision Making under Ambiguity (2005)A Smooth Model of Decision Ma…Risk Vulnerability and the Tempering Effect of Background Risk (1996)Risk Vulnerability and the Te…The Design of an Optimal Insurance Policy (1992)The Design of an Optimal Insu…Equilibrium in a Reinsurance Market (1992)Equilibrium in a Reinsurance …Aspects of Rational Insurance Purchasing (1992)Aspects of Rational Insurance…Optimal Auditing, Insurance, and Redistribution (1989)Optimal Auditing, Insurance, …The Dual Theory of Choice under Risk (1987)The Dual Theory of Choice und…Moral Hazard and Observability (1979)Moral Hazard and ObservabilityRisk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…The Role of Securities in the Optimal Allocation of Risk-bearing (1973)The Role of Securities in the…Essays in the Theory of Risk-Bearing. (1972)Essays in the Theory of Risk-…The Theory of Syndicates (1968)The Theory of SyndicatesAspects of Rational Insurance Purchasing (1968)Aspects of Rational Insurance…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Equilibrium in a Reinsurance Market (1962)Equilibrium in a Reinsurance …Risk, Ambiguity, and the Savage Axioms (1961)Risk, Ambiguity, and the Sava…Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Good News and Bad News: Representation Theorems and Applications (1981)Financial Intermediation and Delegated Monitoring (1984)Agency Costs, Net Worth, And Business Fluctuations (1988)A theory of anticipated utility (1982)Prospect theory: An analysis of decision under risk (1988)Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework (1989)Individual differences in reasoning: Implications for the rationality debate? (2000)Subjective probability and expected utility without additivity (2004)Precautionary Saving in the Small and in the Large (1989)Strategic Asset Allocation (2002)Risk Aversion in the Laboratory (2008)Risk-Taking Behavior in the Wake of Natural Disasters (2012)Optimal contracts and competitive markets with costly state verification (1979)Signaling in Retrospect and the Informational Structure of Markets (2002)The New Institutional Economics: Taking Stock, Looking Ahead (2000)The Framing of Decisions and the Psychology of Choice (1981)Advances in prospect theory: Cumulative representation of uncertainty (1992)An Intertemporal Capital Asset Pricing Model (1973)An intertemporal asset pricing model with stochastic consumption and investment opportunities (1979)Theory of Financial Decision Making. (1988)Well-being : the foundations of hedonic psychology (1999)Portfolio Selection with Parameter and Model Uncertainty: A Multi-Prior Approach (2006)Sensitivity analysis: A review of recent advances (2015)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

  • 1979Moral Hazard and Observability8,358 cited
  • 1961Risk, Ambiguity, and the Savage Axioms7,892 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1972Essays in the Theory of Risk-Bearing.3,991 cited
  • 1987The Dual Theory of Choice under Risk2,426 cited
  • 2005A Smooth Model of Decision Making under Ambiguity1,889 cited
  • 1973The Role of Securities in the Optimal Allocation of Risk-bearing1,179 cited
  • 1968The Theory of Syndicates1,178 cited
  • 1996Risk Vulnerability and the Tempering Effect of Background Risk765 cited
  • 1968Aspects of Rational Insurance Purchasing738 cited
  • 1962Equilibrium in a Reinsurance Market700 cited
  • 1992Aspects of Rational Insurance Purchasing609 cited
  • 1989Optimal Auditing, Insurance, and Redistribution583 cited
  • 1992Equilibrium in a Reinsurance Market562 cited
  • 1992The Design of an Optimal Insurance Policy514 cited

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