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On complementary symmetry under Cumulative Prospect Theory
12 references·2 citing·32 second hop
On complementary symmetry under Cumulative Prospect Theory (2020)On complementary symmetry under Cumulativ…Certainty Equivalent under Cumulative Prospect Theory (2019)Certainty Equivalent under Cu…Complementary symmetry in Cumulative Prospect Theory with random reference (2017)Complementary symmetry in Cum…Empirical evaluation of four models of buying and selling prices of gambles (2016)Empirical evaluation of four …PROBABILITY WEIGHTING FUNCTION (2005)PROBABILITY WEIGHTING FUNCTIONParameter-Free Elicitation of Utility and Probability Weighting Functions (2000)Parameter-Free Elicitation of…The Probability Weighting Function (1998)The Probability Weighting Fun…Buying and Selling Prices of Investments: Configural Weight Model of Interactions Predicts Violations of Joint Independence (1998)Buying and Selling Prices of …Scale convergence and utility measurement (1992)Scale convergence and utility…Advances in prospect theory: Cumulative representation of uncertainty (1992)Advances in prospect theory: …Expression theory and the preference reversal phenomena. (1987)Expression theory and the pre…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…On reference dependence and complementary symmetry (2022)On reference dependence and c…A consequence of complementary symmetry (2022)A consequence of complementar…Judgment under Uncertainty: Heuristics and Biases (1975)Cognitive Processes in Choice and Decision Behavior (1979)Norm theory: Comparing reality to its alternatives. (1986)Tentative guidelines to help choosing an appropriate MCDA method (1998)Risk as Analysis and Risk as Feelings: Some Thoughts about Affect, Reason, Risk, and Rationality (2004)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)Individual differences in reasoning: Implications for the rationality debate? (2000)A perspective on judgment and choice: Mapping bounded rationality. (2003)Evidence against Rank-Dependent Utility Theories: Tests of Cumulative Independence, Interval Independence, Stochastic Dominance, and Transitivity (1999)The Paradoxes of Allais, Stochastic Dominance, and Decision Weights (1999)Air pollution and stock returns: Evidence from a natural experiment (2015)Theory of games and economic behavior (2019)Salience Theory of Choice Under Risk (2012)Choices, Values, and Frames (2013)On the Shape of the Probability Weighting Function (1999)Developments in Non-Expected Utility Theory: The Hunt for a Descriptive Theory of Choice under Risk (2000)Risk as feelings. (2001)Money, Kisses, and Electric Shocks: On the Affective Psychology of Risk (2001)Decision by sampling (2006)Loss Aversion Under Prospect Theory: A Parameter-Free Measurement (2007)Judgmental forecasting in the presence of loss functions (2004)Probabilistic models of set-dependent and attribute-level best–worst choice (2008)Separating response variability from structural inconsistency to test models of risky decision making (2012)Empirical evaluation of third-generation prospect theory (2017)The endowment effect: Loss aversion or a buy-sell discrepancy? (2021)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)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

  • 1992Advances in prospect theory: Cumulative representation of uncertainty15,457 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1998The Probability Weighting Function1,998 cited
  • 2005PROBABILITY WEIGHTING FUNCTION1,041 cited
  • 2000Parameter-Free Elicitation of Utility and Probability Weighting Functions926 cited
  • 1987Expression theory and the preference reversal phenomena.589 cited
  • 1992Scale convergence and utility measurement81 cited
  • 1998Buying and Selling Prices of Investments: Configural Weight Model of Interactions Predicts Violations of Joint Independence36 cited
  • 2016Empirical evaluation of four models of buying and selling prices of gambles21 cited
  • 2019Certainty Equivalent under Cumulative Prospect Theory8 cited
  • 2017Complementary symmetry in Cumulative Prospect Theory with random reference7 cited

Cited by

  • 2022On reference dependence and complementary symmetry1 cited
  • 2022A consequence of complementary symmetry0 cited

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