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A Generalized Measure of Risk Aversion, Without the Independence Axiom
10 references·2 citing·25 second hop
A Generalized Measure of Risk Aversion, Without the Independence Axiom (1988)A Generalized Measure of Risk Aversion, W…Recent Developments in the Foundations of Utility and Risk Theory (1986)Recent Developments in the Fo…A Measure of Risk Aversion in Terms of Preferences (1986)A Measure of Risk Aversion in…A note on the generalised measures of risk aversion (1983)A note on the generalised mea…Risk Aversion and Consumer Preferences (1977)Risk Aversion and Consumer Pr…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Risk aversion with many commodities (1974)Risk aversion with many commo…Risk Aversion and Demand Functions (1973)Risk Aversion and Demand Func…Behavior Towards Risk with Many Commodities (1969)Behavior Towards Risk with Ma…Aspects of the Theory of Risk-Bearing. (1966)Aspects of the Theory of Risk…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…The salience of informed risk: an experimental analysis (2023)The salience of informed risk…A Comparison Of Two Definitions Of Risk Aversion (1991)A Comparison Of Two Definitio…Essays in the Theory of Risk-Bearing. (1972)Optimal consumption–portfolio choices and retirement planning (2003)The Bond Premium in a DSGE Model with Long-Run Real and Nominal Risks (2012)Principles of Financial Economics (2014)Economics and Information Theory (1969)Methodologies for Risk and Hazard Assessment: A Survey and Status Report (1980)Cost and Production Functions (1981)A Microeconometric Model of the Demand for Health Care and Health Insurance in Australia (1988)The Welfare Impacts of Commodity Price Volatility: Evidence from Rural Ethiopia (2011)Theory of games and economic behavior (2019)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)On the measurement of inequality (1970)Risk Aversion and Incentive Effects (2002)Consumer's Surplus, Price Instability, and Consumer Welfare (1980)Luxury Goods and the Equity Premium (2004)Impact of Third‐party Contract Enforcement in Agricultural Markets—A Field Experiment in Vietnam (2014)Comparative risk aversion (1988)Financial Intermediation and Delegated Monitoring (1984)Prospect theory: An analysis of decision under risk (1988)Well-being : the foundations of hedonic psychology (1999)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)The delusion of certainty in Savage's sure-thing principle (1991)Judgment by quantity. (1994)Relative concave utility for risk and ambiguity (2012)
this work references cited by second hop

References

  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1966Aspects of the Theory of Risk-Bearing.1,888 cited
  • 1974Risk aversion with many commodities394 cited
  • 1969Behavior Towards Risk with Many Commodities130 cited
  • 1977Risk Aversion and Consumer Preferences81 cited
  • 1986Recent Developments in the Foundations of Utility and Risk Theory55 cited
  • 1973Risk Aversion and Demand Functions32 cited
  • 1983A note on the generalised measures of risk aversion8 cited
  • 1986A Measure of Risk Aversion in Terms of Preferences5 cited

Cited by

  • 2023The salience of informed risk: an experimental analysis2 cited
  • 1991A Comparison Of Two Definitions Of Risk Aversion0 cited

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