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Certainty Equivalence and Inequivalence for Prices
11 references·0 citing·36 second hop
Certainty Equivalence and Inequivalence for Prices (1991)Certainty Equivalence and Inequivalence f…The Theory of Political Economy (2013)The Theory of Political Econo…A survey measure of risk aversion (1987)A survey measure of risk aver…Implicit Mean Value and Certainty Equivalence (1986)Implicit Mean Value and Certa…Analysis and control of dynamic economic systems (1975)Analysis and control of dynam…Liquidity Preference as Behavior Towards Risk (1958)Liquidity Preference as Behav…PORTFOLIO SELECTION* (1952)PORTFOLIO SELECTION*Theory of Games and Economic Behavior (1946)Theory of Games and Economic …Theory of Games and Economic Behavior (1945)Theory of Games and Economic …Studies in Mathematical Economics and Econometrics (1942)Studies in Mathematical Econo…A Suggestion for Simplifying the Theory of Money (1935)A Suggestion for Simplifying …Weltwirtschaftliches Archiv (1927)Weltwirtschaftliches ArchivA system of logic, ratiocinative and inductive, being a connected view of the principles of evidence and the methods of scientific investigation. (1846)Methods and Problems in Business Cycle Theory (1980)An Essay on the Nature and Significance of Economic Science (1984)Cultural Dynamics and Economic Theories of Fertility Change (1988)Why Some Things Should Not Be for Sale (2010)The Theory of Economic Development (2016)Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine (1953)Regret Theory: An Alternative Theory of Rational Choice Under Uncertainty (1982)Risk attitudes for nonlinear measurable utility (1989)Differentiability, comparative statics, and non-expected utility preferences (1992)Conditional implicit mean and the law of iterated integrals (2008)Theory of games and economic behavior (2019)Dynamic optimal taxation, rational expectations and optimal control (1980)Effect Analysis and Causation in Linear Structural Equation Models (1990)Production, Growth and Business Cycles: Technical Appendix (2002)The Early History of Experimental Economics (1993)Institutions, Business and the State in Russia (2003)Information search as an indication of rationality in student choice of higher education (2004)Cardinal Welfare, Individualistic Ethics, and Interpersonal Comparisons of Utility (1980)Development of prosocial, individualistic, and competitive orientations: Theory and preliminary evidence. (1997)Political Choice in Britain (2004)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (1973)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)Representative design and probabilistic theory in a functional psychology. (1955)Features of similarity. (1977)Evolutionary game dynamics (2003)Determinants of foreign direct investment: A survey (1980)Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve (2002)The Difference That CEOs Make: An Assignment Model Approach (2008)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)A contribution to the pure theory of money (1991)A Model of Money and Credit, with Application to the Credit Card Debt Puzzle (2008)Liquidity: A New Monetarist Perspective (2017)
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References

  • 1952PORTFOLIO SELECTION*13,480 cited
  • 1945Theory of Games and Economic Behavior4,006 cited
  • 1958Liquidity Preference as Behavior Towards Risk3,916 cited
  • 1946Theory of Games and Economic Behavior3,280 cited
  • 2013The Theory of Political Economy2,475 cited
  • 1927Weltwirtschaftliches Archiv1,319 cited
  • 1975Analysis and control of dynamic economic systems792 cited
  • 1935A Suggestion for Simplifying the Theory of Money341 cited
  • 1942Studies in Mathematical Economics and Econometrics149 cited
  • 1986Implicit Mean Value and Certainty Equivalence32 cited
  • 1987A survey measure of risk aversion10 cited

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