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Utility Theory and Decision Theory
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Utility Theory and Decision Theory (2018)Utility Theory and Decision TheoryThe Theory of Social Choice (2015)The Theory of Social ChoiceSubjective probability and expected utility without additivity (2004)Subjective probability and ex…Regret Theory: An Alternative Theory of Rational Choice Under Uncertainty (1982)Regret Theory: An Alternative…"Expected Utility" Analysis without the Independence Axiom (1982)"Expected Utility" Analysis w…Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …Social Choice Theory: A Re-Examination (1977)Social Choice Theory: A Re-Ex…Essays in the Theory of Risk-Bearing. (1972)Essays in the Theory of Risk-…UTILITY THEORY FOR DECISION MAKING (1970)UTILITY THEORY FOR DECISION M…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Applied Statistical Decision Theory. (1962)Applied Statistical Decision …Risk, Ambiguity, and the Savage Axioms (1961)Risk, Ambiguity, and the Sava…MATHEMATICAL METHODS IN THE SOCIAL SCIENCES, 1959 (1960)MATHEMATICAL METHODS IN THE S…PORTFOLIO SELECTION* (1952)PORTFOLIO SELECTION*Non-Cooperative Games (1951)Non-Cooperative GamesThe Development of Utility Theory. I (1950)The Development of Utility Th…A Reconsideration of the Theory of Value. Part I (1934)A Reconsideration of the Theo…Let Me Save You Some Time... On Valuing Travelers’ Time in Urban Transportation (2019)Let Me Save You Some Time... …Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine (1953)The Framing of Decisions and the Psychology of Choice (1981)Prospect theory: An analysis of decision under risk (1988)Individual differences in reasoning: Implications for the rationality debate? (2000)Risk as feelings. (2001)Utility Theory for Decision Making (1971)A theory of anticipated utility (1982)The Dual Theory of Choice under Risk (1987)RATIONAL CHOICE AND THE FRAMING OF DECISIONS (1988)Psychology and Economics (1997)Of models and men. (1957)Generating Models by the Expansion Method: Applications to Geographical Research* (1972)Understanding Correlates of Change by Modeling Individual Differences in Growth (1985)Trade in ideas Patenting and productivity in the OECD (1996)Moral Hazard and Observability (1979)The New Institutional Economics: Taking Stock, Looking Ahead (2000)Advances in prospect theory: Cumulative representation of uncertainty (1992)On Economic Inequality (1973)The structure of random utility models (1977)The Framing of Decisions and the Psychology of Choice (1985)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)Subjectivity and correlation in randomized strategies (1974)Covenants with and without a Sword: Self-Governance Is Possible (1992)A theory of sequential reciprocity (2003)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

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
  • 1952PORTFOLIO SELECTION*13,480 cited
  • 1961Risk, Ambiguity, and the Savage Axioms7,892 cited
  • 1951Non-Cooperative Games6,999 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1982Regret Theory: An Alternative Theory of Rational Choice Under Uncertainty4,041 cited
  • 1972Essays in the Theory of Risk-Bearing.3,991 cited
  • 2004Subjective probability and expected utility without additivity2,510 cited
  • 1960MATHEMATICAL METHODS IN THE SOCIAL SCIENCES, 19591,649 cited
  • 1970UTILITY THEORY FOR DECISION MAKING1,614 cited
  • 1982"Expected Utility" Analysis without the Independence Axiom1,518 cited
  • 1962Applied Statistical Decision Theory.1,443 cited
  • 1934A Reconsideration of the Theory of Value. Part I806 cited
  • 2015The Theory of Social Choice700 cited
  • 1977Social Choice Theory: A Re-Examination692 cited
  • 1950The Development of Utility Theory. I609 cited

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  • 2019Let Me Save You Some Time... On Valuing Travelers’ Time in Urban Transportation5 cited