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Reference Dependence and Market Participation
16 references·2 citing·29 second hop
Reference Dependence and Market Participation (2017)Reference Dependence and Market Participa…Reference-Dependent Consumption Plans (2009)Reference-Dependent Consumpti…Reference-Dependent Risk Attitudes (2007)Reference-Dependent Risk Atti…Loss Aversion Under Prospect Theory: A Parameter-Free Measurement (2007)Loss Aversion Under Prospect …A Model of Reference-Dependent Preferences (2006)A Model of Reference-Dependen…An index of loss aversion (2004)An index of loss aversionPerspectives on Behavioral Finance: Does "Irrationality" Disappear with Wealth? Evidence from Expectations and Actions (2003)Perspectives on Behavioral Fi…Myopic Loss Aversion and the Equity Premium Puzzle (1995)Myopic Loss Aversion and the …Advances in prospect theory: Cumulative representation of uncertainty (1992)Advances in prospect theory: …Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)Loss Aversion in Riskless Cho…Implications of Security Market Data for Models of Dynamic Economies (1991)Implications of Security Mark…Implications of Security Market Data for Models of Dynamic Economies (1990)Implications of Security Mark…Foundations for Financial Economics. (1989)Foundations for Financial Eco…Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …Aspects of the Theory of Risk-Bearing. (1966)Aspects of the Theory of Risk…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Portfolio Selection (1952)Portfolio SelectionReference Dependence: Endogenous Anchors and Life-Cycle Investing (2020)Reference Dependence: Endogen…Mental Adjustment of the Reference Point and Its Affect on Portfolio Selection under Loss Aversion (2019)Mental Adjustment of the Refe…Golden Eggs and Hyperbolic Discounting (1997)A perspective on judgment and choice: Mapping bounded rationality. (2003)Psychology and Economics: Evidence from the Field (2009)Salience Theory of Choice Under Risk (2012)Thirty Years of Prospect Theory in Economics: A Review and Assessment (2013)Prospect theory: An analysis of decision under risk (1988)Status quo bias in decision making (1988)Do Investors Trade Too Much? (1999)Familiarity Breeds Investment (2001)Investor Psychology and Asset Pricing (2001)Judgment under Uncertainty: Heuristics and Biases (1975)Individual differences in reasoning: Implications for the rationality debate? (2000)Choices, values, and frames. (1984)Reference Points and Effort Provision (2011)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)On the measurement of inequality (1970)Risk Aversion and Incentive Effects (2002)A Theory of Fairness, Competition, and Cooperation (1999)Time Discounting and Time Preference: A Critical Review (2002)The Framing of Decisions and the Psychology of Choice (1981)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)The Conditional CAPM and the Cross-Section of Expected Returns (1996)Conditional Skewness in Asset Pricing Tests (2000)Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles (2000)An intertemporal asset pricing model with stochastic consumption and investment opportunities (1979)Conditional value-at-risk for general loss distributions (2002)The Capital Asset Pricing Model: Theory and Evidence (2004)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

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
  • 1992Advances in prospect theory: Cumulative representation of uncertainty15,457 cited
  • 1991Loss Aversion in Riskless Choice: A Reference-Dependent Model6,428 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1952Portfolio Selection4,609 cited
  • 2006A Model of Reference-Dependent Preferences2,726 cited
  • 1995Myopic Loss Aversion and the Equity Premium Puzzle2,486 cited
  • 1966Aspects of the Theory of Risk-Bearing.1,888 cited
  • 1991Implications of Security Market Data for Models of Dynamic Economies1,182 cited
  • 2007Reference-Dependent Risk Attitudes1,028 cited
  • 1989Foundations for Financial Economics.831 cited
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  • 2003Perspectives on Behavioral Finance: Does "Irrationality" Disappear with Wealth? Evidence from Expectations and Actions627 cited
  • 2009Reference-Dependent Consumption Plans590 cited
  • 2004An index of loss aversion505 cited
  • 1990Implications of Security Market Data for Models of Dynamic Economies

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Cited by

  • 2019Mental Adjustment of the Reference Point and Its Affect on Portfolio Selection under Loss Aversion3 cited
  • 2020Reference Dependence: Endogenous Anchors and Life-Cycle Investing1 cited