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Mean-preserving capacities: A tractable class of Choquet capacities
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Mean-preserving capacities: A tractable class of Choquet capacities (2025)Mean-preserving capacities: A tractable c…Ambiguity Aversion, Robustness, and the Variational Representation of Preferences (2006)Ambiguity Aversion, Robustnes…A Smooth Model of Decision Making under Ambiguity (2005)A Smooth Model of Decision Ma…Differentiating ambiguity and ambiguity attitude (2004)Differentiating ambiguity and…The Value of a Statistical Life: A Critical Review of Market Estimates Throughout the World (2003)The Value of a Statistical Li…Risk Vulnerability and the Tempering Effect of Background Risk (1996)Risk Vulnerability and the Te…Uncertainty Aversion, Risk Aversion, and the Optimal Choice of Portfolio (1992)Uncertainty Aversion, Risk Av…Recent developments in modeling preferences: Uncertainty and ambiguity (1992)Recent developments in modeli…Precautionary Saving in the Small and in the Large (1990)Precautionary Saving in the S…Subjective Probability and Expected Utility without Additivity (1989)Subjective Probability and Ex…Maxmin expected utility with non-unique prior (1989)Maxmin expected utility with …Expected utility with purely subjective non-additive probabilities (1987)Expected utility with purely …Market Insurance, Self-Insurance, and Self-Protection (1972)Market Insurance, Self-Insura…Cores of convex games (1971)Cores of convex gamesThe Effect of Uncertainty on Saving Decisions (1970)The Effect of Uncertainty on …Saving and Uncertainty: The Precautionary Demand for Saving (1968)Saving and Uncertainty: The P…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Fuzzy sets (1965)Advances in prospect theory: Cumulative representation of uncertainty (1992)Chapter 18 A survey of behavioral finance (2003)Measuring Expectations (2004)“Economic man” in cross-cultural perspective: Behavioral experiments in 15 small-scale societies (2005)Theory of games and economic behavior (2019)Risk, Ambiguity, and the Savage Axioms (1961)Utility Theory for Decision Making (1971)Job Matching, Coalition Formation, and Gross Substitutes (1982)A value for n -person games (1988)On the Complexity of Cooperative Solution Concepts (1994)Coherent Risk Measures on General Probability Spaces (2002)Games and Decisions (2015)Risk Aversion in the Small and in the Large (1976)Portfolio Selection with Parameter and Model Uncertainty: A Multi-Prior Approach (2006)Risk Aversion in the Laboratory (2008)Sensitivity analysis: A review of recent advances (2015)Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition (1974)Plagues and Peoples (1976)The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-1988 (1991)On Modeling and Interpreting the Economics of Catastrophic Climate Change (2009)The rate of return to the HighScope Perry Preschool Program (2009)Estimating economic damage from climate change in the United States (2017)Understanding Consumption (1992)Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis (1997)Conditional Skewness in Asset Pricing Tests (2000)Crime, Punishment, and the Market for Offenses (1996)Economic foundations of cost-effectiveness analysis (1997)Equality of Opportunity (1998)Precautionary Saving in the Small and in the Large (1989)The Buffer-Stock Theory of Saving: Some Macroeconomic Evidence (1992)DO NATURAL DISASTERS PROMOTE LONG‐RUN GROWTH? (2002)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

  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1989Maxmin expected utility with non-unique prior4,063 cited
  • 1989Subjective Probability and Expected Utility without Additivity2,308 cited
  • 2005A Smooth Model of Decision Making under Ambiguity1,889 cited
  • 1990Precautionary Saving in the Small and in the Large1,850 cited
  • 2003The Value of a Statistical Life: A Critical Review of Market Estimates Throughout the World1,836 cited
  • 1992Recent developments in modeling preferences: Uncertainty and ambiguity1,795 cited
  • 1971Cores of convex games1,626 cited
  • 1972Market Insurance, Self-Insurance, and Self-Protection1,397 cited
  • 1968Saving and Uncertainty: The Precautionary Demand for Saving1,376 cited
  • 2006Ambiguity Aversion, Robustness, and the Variational Representation of Preferences1,139 cited
  • 1970The Effect of Uncertainty on Saving Decisions923 cited
  • 2004Differentiating ambiguity and ambiguity attitude915 cited
  • 1987Expected utility with purely subjective non-additive probabilities818 cited
  • 1992Uncertainty Aversion, Risk Aversion, and the Optimal Choice of Portfolio776 cited

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1996
Risk Vulnerability and the Tempering Effect of Background Risk
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