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Should We Do More When We Know Less?: Optimal Risk Reduction Under Technological Uncertainty
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Should We Do More When We Know Less?: Optimal Risk Reduction Under Technological Uncertainty (2018)Should We Do More When We Know Less?: Opt…Information Avoidance (2017)Information AvoidanceThe Effect of Ambiguity Aversion on Insurance and Self‐protection (2013)The Effect of Ambiguity Avers…Financial literacy around the world: an overview (2011)Financial literacy around the…Changes in risk and the demand for saving (2008)Changes in risk and the deman…Relative Risk Aversion: What Do We Know? (2005)Relative Risk Aversion: What …THE EFFECT OF PERCEIVED TECHNOLOGICAL UNCERTAINTY ON JAPANESE NEW PRODUCT DEVELOPMENT. (2001)THE EFFECT OF PERCEIVED TECHN…Recombinant Uncertainty in Technological Search (2001)Recombinant Uncertainty in Te…Risk Vulnerability and the Tempering Effect of Background Risk (1996)Risk Vulnerability and the Te…Rational Insurance Purchasing: Consideration of Contract Nonperformance (1990)Rational Insurance Purchasing…Self-insurance, self-protection and increased risk aversion (1985)Self-insurance, self-protecti…A theory of anticipated utility (1982)A theory of anticipated utili…Some Stronger Measures of Risk Aversion in the Small and the Large with Applications (1981)Some Stronger Measures of Ris…Increasing Nth degree risk (1980)Increasing Nth degree riskMarket Insurance, Self-Insurance, and Self-Protection (1972)Market Insurance, Self-Insura…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…The Utility Analysis of Choices Involving Risk (1948)The Utility Analysis of Choic…Structural equation modeling in practice: A review and recommended two-step approach. 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(2001)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
  • 1982A theory of anticipated utility3,136 cited
  • 1948The Utility Analysis of Choices Involving Risk3,097 cited
  • 2001Recombinant Uncertainty in Technological Search2,891 cited
  • 2011Financial literacy around the world: an overview1,999 cited
  • 1972Market Insurance, Self-Insurance, and Self-Protection1,397 cited
  • 2017Information Avoidance845 cited
  • 1996Risk Vulnerability and the Tempering Effect of Background Risk765 cited
  • 2001THE EFFECT OF PERCEIVED TECHNOLOGICAL UNCERTAINTY ON JAPANESE NEW PRODUCT DEVELOPMENT.582 cited
  • 1981Some Stronger Measures of Risk Aversion in the Small and the Large with Applications450 cited
  • 1985Self-insurance, self-protection and increased risk aversion335 cited
  • 2005Relative Risk Aversion: What Do We Know?254 cited
  • 1990Rational Insurance Purchasing: Consideration of Contract Nonperformance227 cited
  • 1980Increasing Nth degree risk225 cited
  • 2008Changes in risk and the demand for saving196 cited
  • 2013The Effect of Ambiguity Aversion on Insurance and Self‐protection

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