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New Insight on the Relationship between Higher-Order Risk Aversion Attitudes
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New Insight on the Relationship between Higher-Order Risk Aversion Attitudes (2015)New Insight on the Relationship between H…Increasing Downside Risk (2016)Increasing Downside RiskPrecautionary Effort: Another Trait for Prudence (2014)Precautionary Effort: Another…New results on the relationship among risk aversion, prudence and temperance (2013)New results on the relationsh…Risk-aversion and prudence in rent-seeking games (2009)Risk-aversion and prudence in…Prudence in bargaining: The effect of uncertainty on bargaining outcomes (2007)Prudence in bargaining: The e…Increasing outer risk (2004)Increasing outer riskOn the Conditions for Precautionary Saving (2001)On the Conditions for Precaut…The Effect of Uncertainty on Saving Decisions (1970)The Effect of Uncertainty on …Saving and Uncertainty: The Precautionary Demand for Saving (1968)Saving and Uncertainty: The P…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…The Utility of Wealth (1952)The Utility of WealthThe Utility Analysis of Choices Involving Risk (1948)Admissibility and Measurable Utility Functions (1962)Rules for Ordering Uncertain Prospects (1969)Transfer Sensitive Inequality Measures (1987)Chapter 2 Measurement of inequality (2000)Knowing when to leap: Transitioning between exploitative and explorative R&D (2013)Risk Aversion in the Small and in the Large (1976)Precautionary Saving in the Small and in the Large (1990)How Changing Prudence and Risk Aversion Affect Optimal Saving (2008)PRECAUTIONARY SAVING: A REVIEW OF THE EMPIRICAL LITERATURE (2018)The theory of precautionary saving: an overview of recent developments (2019)Perfect Equilibrium in a Bargaining Model (1982)Can Uncertainty Alleviate the Commons Problem? (2009)Bargaining under Uncertainty (2016)Dynamic Procurement under Uncertainty: Optimal Design and Implications for Incomplete Contracts (2016)The theory of contests: A unified model and review of the literature (2013)The power of money: Wealth effects in contests (2016)American Economic Review (2019)The Quarterly Journal of Economics (2024)Standard Risk Aversion (1991)No news is good news (1992)Risk Vulnerability and the Tempering Effect of Background Risk (1996)Apportioning of Risks via Stochastic Dominance (2008)On relative and partial risk attitudes: theory and implications (2010)Skewness Preference, Risk Taking and Expected Utility Maximisation (2010)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Robust Comparative Statics of Risk Changes (2015)Fractional Degree Stochastic Dominance (2020)Prudent Financial Management Practices among Malaysian Youth: The Moderating Roles of Financial Education (2020)Handbook of Emotions (1993)Well-being : the foundations of hedonic psychology (1999)Investor Psychology and Asset Pricing (2001)Macroeconomic determinants of growth: Cross-country evidence (1985)An empirical analysis of cross-national economic growth, 1951–1980 (1989)The Buffer-Stock Theory of Saving: Some Macroeconomic Evidence (1992)Precautionary Saving in the Small and in the Large (1989)DO NATURAL DISASTERS PROMOTE LONG‐RUN GROWTH? (2002)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

  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1952The Utility of Wealth1,845 cited
  • 1968Saving and Uncertainty: The Precautionary Demand for Saving1,376 cited
  • 1970The Effect of Uncertainty on Saving Decisions923 cited
  • 2016Increasing Downside Risk480 cited
  • 2004Increasing outer risk93 cited
  • 2009Risk-aversion and prudence in rent-seeking games87 cited
  • 2007Prudence in bargaining: The effect of uncertainty on bargaining outcomes74 cited
  • 2001On the Conditions for Precautionary Saving69 cited
  • 2014Precautionary Effort: Another Trait for Prudence55 cited
  • 2013New results on the relationship among risk aversion, prudence and temperance31 cited

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