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After the Crisis: Financial Economics and Decision Theory
16 references·0 citing·25 second hop
After the Crisis: Financial Economics and Decision Theory (2012)After the Crisis: Financial Economics and…Theory of rational option pricing (2005)Theory of rational option pri…Subjective probability and expected utility without additivity (2004)Subjective probability and ex…The Use of Knowledge in Society (1996)The Use of Knowledge in Socie…Judgement under Uncertainty: Heuristics and Biases (1983)Judgement under Uncertainty: …Information, trade and common knowledge (1982)Information, trade and common…On the Impossibility of Informationally Efficient Markets (1980)On the Impossibility of Infor…Option pricing: A simplified approach (1979)Option pricing: A simplified …The Pricing of Options and Corporate Liabilities (1973)The Pricing of Options and Co…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)EFFICIENT CAPITAL MARKETS: A …CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)CAPITAL ASSET PRICES: A THEOR…Portfolio Selection: Efficient Diversification of Investments. (1962)Portfolio Selection: Efficien…Risk, Ambiguity, and the Savage Axioms (1961)Risk, Ambiguity, and the Sava…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Cost of Capital, Corporat…La prévision : ses lois logiques, ses sources subjectives (1937)La prévision : ses lois logiq…The General Theory of Employment, Interest and Money. (1936)The General Theory of Employm…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)The Cross-Section of Expected Stock Returns (1992)On Persistence in Mutual Fund Performance (1997)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)Law and Finance (1998)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Users of the world, unite! The challenges and opportunities of Social Media (2009)Theory of Rational Option Pricing (1973)Martingales and stochastic integrals in the theory of continuous trading (1981)Evaluating Natural Resource Investments (1985)Irreversibility, Uncertainty, and Investment (1990)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options (1993)Comparative Economic Organization: The Analysis of Discrete Structural Alternatives (1991)A Dynamic Theory of Organizational Knowledge Creation (1994)The New Institutional Economics: Taking Stock, Looking Ahead (2000)The Framing of Decisions and the Psychology of Choice (1981)Prospect theory: An analysis of decision under risk (1988)Advances in prospect theory: Cumulative representation of uncertainty (1992)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Common risk factors in the returns on stocks and bonds (1993)Does the Stock Market Overreact? (1985)Introduction: epistemic communities and international policy coordination (1992)Postwar U.S. Business Cycles: An Empirical Investigation (1997)
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References

  • 1973The Pricing of Options and Corporate Liabilities29,064 cited
  • 1964CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*19,431 cited
  • 1970EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*15,723 cited
  • 1958The Cost of Capital, Corporation Finance and the Theory of Investment14,494 cited
  • 1936The General Theory of Employment, Interest and Money.14,486 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1961Risk, Ambiguity, and the Savage Axioms7,892 cited
  • 2005Theory of rational option pricing7,161 cited
  • 1996The Use of Knowledge in Society6,434 cited
  • 1979Option pricing: A simplified approach6,103 cited
  • 1980On the Impossibility of Informationally Efficient Markets5,122 cited
  • 1983Judgement under Uncertainty: Heuristics and Biases3,812 cited
  • 1962Portfolio Selection: Efficient Diversification of Investments.3,621 cited
  • 2004Subjective probability and expected utility without additivity2,510 cited
  • 1982Information, trade and common knowledge1,738 cited
  • 1937La prévision : ses lois logiques, ses sources subjectives

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