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What if the expected is not the most likely outcome? Four examples giving pause for thought and reconsideration
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What if the expected is not the most likely outcome? Four examples giving pause for thought and reconsideration (2026)What if the expected is not the most like…When is growth pro-poor? Evidence from a panel of countries (2005)When is growth pro-poor? Evid…The Growth Elasticity of Poverty Reduction: Explaining Heterogeneity across Countries and Time Periods (2003)The Growth Elasticity of Pove…Growth, Inequality and Poverty: Looking Beyond Averages (2001)Growth, Inequality and Povert…Nonparametric Tests of Stochastic Dominance in Income Distributions (1996)Nonparametric Tests of Stocha…Multifactor Explanations of Asset Pricing Anomalies (1996)Multifactor Explanations of A…Performance Measurement in a Downside Risk Framework (1994)Performance Measurement in a …Whom or What Does the Representative Individual Represent? (1992)Whom or What Does the Represe…Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)Loss Aversion in Riskless Cho…Economics and Consumer Behavior (1980)Economics and Consumer Behavi…Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …Real National Income (1976)Real National IncomeOn the measurement of inequality (1970)On the measurement of inequal…Mutual Fund Performance (1966)Mutual Fund PerformanceRisk, Ambiguity, and the Savage Axioms (1961)Risk, Ambiguity, and the Sava…Rational Expectations and the Theory of Price Movements (1961)Rational Expectations and the…Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine (1953)Le Comportement de l'Homme Ra…Risk Aversion in the Small and in the Large (1964)Aspects of the Theory of Risk-Bearing. (1966)On Economic Inequality (1973)Risk Aversion in the Small and in the Large (1976)A Class of Decomposable Poverty Measures (1984)The Dimensions of Residential Segregation (1988)Prospect theory: An analysis of decision under risk (1988)Status quo bias in decision making (1988)Advances in prospect theory: Cumulative representation of uncertainty (1992)A Theory of Fairness, Competition, and Cooperation (1999)Time Discounting and Time Preference: A Critical Review (2002)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Industry costs of equity (1997)On Persistence in Mutual Fund Performance (1997)Investor Psychology and Security Market Under‐ and Overreactions (1998)The Summation of Random Causes as the Source of Cyclic Processes (1937)The Analysis of Economic Time-Series-Part I: Prices (1953)Optimal Properties of Exponentially Weighted Forecasts (1960)The Economic Implications of Learning by Doing (1971)Econometric policy evaluation: A critique (1976)Rules Rather than Discretion: The Inconsistency of Optimal Plans (1977)Evolution and the Theory of Games (1988)Herd Behavior and Investment (1988)Fiscal Decentralization and Economic Growth (2003)Microfoundations of Routines and Capabilities: Individuals, Processes, and Structure (2012)On the Methodological Framework of Composite Indices: A Review of the Issues of Weighting, Aggregation, and Robustness (2018)American Economic Review (2019)The Framing of Decisions and the Psychology of Choice (1981)By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior (1999)Estimating Wealth Effects without Expenditure Data-or Tears: An Application to Educational Enrollments in States of India (2001)Estimating wealth effects without expenditure data—or tears: An application to educational enrollments in states of India (2001)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Efficient Capital Markets: II (1991)
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References

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
  • 1961Risk, Ambiguity, and the Savage Axioms7,892 cited
  • 1996Multifactor Explanations of Asset Pricing Anomalies6,710 cited
  • 1970On the measurement of inequality6,456 cited
  • 1991Loss Aversion in Riskless Choice: A Reference-Dependent Model6,428 cited
  • 1961Rational Expectations and the Theory of Price Movements5,741 cited
  • 1980Economics and Consumer Behavior4,286 cited
  • 1953Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine4,117 cited
  • 1966Mutual Fund Performance4,089 cited
  • 1992Whom or What Does the Representative Individual Represent?1,596 cited
  • 2001Growth, Inequality and Poverty: Looking Beyond Averages1,312 cited
  • 1994Performance Measurement in a Downside Risk Framework899 cited
  • 2005When is growth pro-poor? Evidence from a panel of countries582 cited
  • 1976Real National Income520 cited
  • 2003The Growth Elasticity of Poverty Reduction: Explaining Heterogeneity across Countries and Time Periods489 cited
  • 1996

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Nonparametric Tests of Stochastic Dominance in Income Distributions
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