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The Price of Predictability: Estimating Inconsistency Premiums in Social Interactions
16 references·0 citing·36 second hop
The Price of Predictability: Estimating Inconsistency Premiums in Social Interactions (2021)The Price of Predictability: Estimating I…The Meaning Maintenance Model: On the Coherence of Social Motivations (2006)The Meaning Maintenance Model…The Neural Basis of Altruistic Punishment (2004)The Neural Basis of Altruisti…Reflective and Impulsive Determinants of Social Behavior (2004)Reflective and Impulsive Dete…Behavioral Game Theory. Experiments in Strategic Interaction (2003)Behavioral Game Theory. Exper…Altruistic punishment in humans (2002)Altruistic punishment in huma…A Theory of Fairness, Competition, and Cooperation (1999)A Theory of Fairness, Competi…Trust in close relationships. (1985)Trust in close relationships.An experimental analysis of ultimatum bargaining (1982)An experimental analysis of u…On estimating the expected return on the market (1980)On estimating the expected re…Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)CAPITAL ASSET PRICES: A THEOR…The psychology of interpersonal relations. (1958)The psychology of interperson…A BEHAVIORAL MODEL OF RATIONAL CHOICE (1955)A BEHAVIORAL MODEL OF RATIONA…Exposition of a New Theory on the Measurement of Risk (1954)Exposition of a New Theory on…PORTFOLIO SELECTION* (1952)PORTFOLIO SELECTION*Games with Incomplete Information Played by “Bayesian” Players, I–III Part I. The Basic Model (1967)Reexamination of the perfectness concept for equilibrium points in extensive games (1975)ERC: A Theory of Equity, Reciprocity, and Competition (2000)Games with Incomplete Information Played by “Bayesian” Players, I–III: Part I. The Basic Model (2004)Gender Differences in Preferences (2009)The Principles of Psychology (1891)Judgment under Uncertainty: Heuristics and Biases (1974)The theory of planned behavior (1991)Associative and propositional processes in evaluation: An integrative review of implicit and explicit attitude change. (2006)Understanding and using the Implicit Association Test: III. Meta-analysis of predictive validity. (2009)The behaviour change wheel: A new method for characterising and designing behaviour change interventions (2011)The genetical evolution of social behaviour. I (1964)The Evolution of Reciprocal Altruism (1971)The Evolution of Cooperation (1981)The nature of human altruism (2003)Five Rules for the Evolution of Cooperation (2006)Beyond Markets and States: Polycentric Governance of Complex Economic Systems (2010)A Theory of Social Comparison Processes (1954)Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)The Quarterly Journal of Economics (2024)The Pricing of Options and Corporate Liabilities (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Common risk factors in the returns on stocks and bonds (1993)The Framing of Decisions and the Psychology of Choice (1981)Exploration and Exploitation in Organizational Learning (1991)Advances in prospect theory: Cumulative representation of uncertainty (1992)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)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)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)From Intentions to Actions: A Theory of Planned Behavior (1985)Self-determination theory and the facilitation of intrinsic motivation, social development, and well-being. (2000)The "What" and "Why" of Goal Pursuits: Human Needs and the Self-Determination of Behavior (2000)
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References

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
  • 1964CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*19,431 cited
  • 1955A BEHAVIORAL MODEL OF RATIONAL CHOICE15,851 cited
  • 1952PORTFOLIO SELECTION*13,480 cited
  • 1958The psychology of interpersonal relations.13,448 cited
  • 1999A Theory of Fairness, Competition, and Cooperation11,191 cited
  • 2002Altruistic punishment in humans5,609 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1982An experimental analysis of ultimatum bargaining4,830 cited
  • 2004Reflective and Impulsive Determinants of Social Behavior3,981 cited
  • 1985Trust in close relationships.3,129 cited
  • 1980On estimating the expected return on the market2,818 cited
  • 1954Exposition of a New Theory on the Measurement of Risk2,787 cited
  • 2003Behavioral Game Theory. Experiments in Strategic Interaction2,222 cited
  • 2004The Neural Basis of Altruistic Punishment1,766 cited
  • 2006The Meaning Maintenance Model: On the Coherence of Social Motivations

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