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Measuring Price Risk Aversion through Indirect Utility Functions: A Laboratory Experiment
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Measuring Price Risk Aversion through Indirect Utility Functions: A Laboratory Experiment (2022)Measuring Price Risk Aversion through Ind…Risk aversion over price variability: experimental evidence (2020)Risk aversion over price vari…Context matters (2017)Context mattersA Comprehensive Visual “Wheel of Duality” in Consumer Theory (2016)A Comprehensive Visual “Wheel…Measuring Individual Risk Attitudes when Preferences are Imprecise (2014)Measuring Individual Risk Att…The Functional and Structural Neural Basis of Individual Differences in Loss Aversion (2013)The Functional and Structural…Amygdala damage eliminates monetary loss aversion (2010)Amygdala damage eliminates mo…Measuring risk aversion and the wealth effect (2008)Measuring risk aversion and t…The Neural Basis of Loss Aversion in Decision-Making Under Risk (2007)The Neural Basis of Loss Aver…Risk Aversion and Incentive Effects (2002)Risk Aversion and Incentive E…All Frames Are Not Created Equal: A Typology and Critical Analysis of Framing Effects (1998)All Frames Are Not Created Eq…Examining Risk Preferences under High Monetary Incentives: Experimental Evidence from the People's Republic of China (1992)Examining Risk Preferences un…Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)Loss Aversion in Riskless Cho…The Interaction of Experiential and Situational Factors and Gender in a Simulated Risky Decision-Making Task (1988)The Interaction of Experienti…Attitudes Toward Risk: Experimental Measurement in Rural India (1980)Attitudes Toward Risk: Experi…On the interpretation of intuitive probability: A reply to Jonathan Cohen (1979)On the interpretation of intu…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Statistical principles in experimental design. (1962)Prospect theory: An analysis of decision under risk (1988)Advances in prospect theory: Cumulative representation of uncertainty (1992)The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework (1999)A Review of WTA/WTP Studies (2002)Constructivist and Ecological Rationality in Economics (2003)Status quo bias in decision making (1988)A Theory of Fairness, Competition, and Cooperation (1999)Time Discounting and Time Preference: A Critical Review (2002)Prospect Theory: An Analysis of Decision under Risk (1979)The Framing of Decisions and the Psychology of Choice (1981)Which is the Fair Sex? Gender Differences in Altruism (2001)Gender Differences in Preferences (2009)Women on board: Does boardroom gender diversity affect firm risk? (2015)Choices, values, and frames. (1984)Mind the gap: bridging economic and naturalistic risk-taking with cognitive neuroscience (2010)Genetic origins of social networks in rhesus macaques (2013)Risk Aversion in the Small and in the Large (1976)Oxytocin increases trust in humans (2005)Can human irrationality be experimentally demonstrated? (1981)Friends and strangers: Acquaintanceship, agreement, and the accuracy of personality judgment. (1988)Customer experience in tourism: A review of definitions, components, and measurements (2020)The Implications of Framing Effects for Citizen Competence (2001)The Economic Psychology of Tax Behaviour (2007)The Handbook of Journalism Studies (2009)Field Experiments (2004)INDIVIDUAL RISK ATTITUDES: MEASUREMENT, DETERMINANTS, AND BEHAVIORAL CONSEQUENCES (2011)Social neuroeconomics: the neural circuitry of social preferences (2007)Risky business: the neuroeconomics of decision making under uncertainty (2008)Influencing behaviour: The mindspace way (2011)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

  • 1991Loss Aversion in Riskless Choice: A Reference-Dependent Model6,428 cited
  • 2002Risk Aversion and Incentive Effects5,973 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1998All Frames Are Not Created Equal: A Typology and Critical Analysis of Framing Effects2,592 cited
  • 2007The Neural Basis of Loss Aversion in Decision-Making Under Risk1,733 cited
  • 1980Attitudes Toward Risk: Experimental Measurement in Rural India1,620 cited
  • 1979On the interpretation of intuitive probability: A reply to Jonathan Cohen569 cited
  • 1992Examining Risk Preferences under High Monetary Incentives: Experimental Evidence from the People's Republic of China481 cited
  • 2010Amygdala damage eliminates monetary loss aversion442 cited
  • 1988The Interaction of Experiential and Situational Factors and Gender in a Simulated Risky Decision-Making Task291 cited
  • 2013The Functional and Structural Neural Basis of Individual Differences in Loss Aversion201 cited
  • 2014Measuring Individual Risk Attitudes when Preferences are Imprecise71 cited
  • 2008Measuring risk aversion and the wealth effect46 cited
  • 2017Context matters33 cited
  • 2016A Comprehensive Visual “Wheel of Duality” in Consumer Theory

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  • 2020Risk aversion over price variability: experimental evidence3 cited
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