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The Utility and of Gambling of Outcomes: Inconsistent First Approximations
16 references·2 citing·26 second hop
The Utility and of Gambling of Outcomes: Inconsistent First Approximations (1984)The Utility and of Gambling of Outcomes: …The Quarterly Journal of Economics (2024)The Quarterly Journal of Econ…Theory of games and economic behavior (2019)Theory of games and economic …Games and Decisions (2015)Games and DecisionsDecisions with Multiple Objectives: Preferences and Value Tradeoffs. (1994)Decisions with Multiple Objec…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…Temporal Resolution of Uncertainty and Dynamic Choice Theory (1978)Temporal Resolution of Uncert…Risk Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…A Treatise on Probability (1973)A Treatise on ProbabilityEssays in the Theory of Risk-Bearing. (1972)Essays in the Theory of Risk-…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…The Utility of Wealth (1952)The Utility of WealthThe Utility Analysis of Choices Involving Risk (1948)The Utility Analysis of Choic…Theory of Games and Economic Behavior (1947)Theory of Games and Economic …Theory of Games and Economic Behaviour. (1946)Theory of Games and Economic …Theory of Games and Economic Behaviour. (1944)Theory of Games and Economic …Purity, Resistance, and Innocence in Utility Theory (2007)Purity, Resistance, and Innoc…Debates on the Utility of Risk. A Look Back to Move Forward (2001)Debates on the Utility of Ris…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)Advances in prospect theory: Cumulative representation of uncertainty (1992)Individual differences in reasoning: Implications for the rationality debate? (2000)Conjoint Analysis in Consumer Research: Issues and Outlook (1978)Risk management in a dynamic society: a modelling problem (1997)Best-worst multi-criteria decision-making method (2014)The Evolution of Reciprocal Altruism (1971)Characteristics of Organizational Environments and Perceived Environmental Uncertainty (1972)The New Institutionalism: Organizational Factors in Political Life (1983)Toward a positive theory of consumer choice (1980)Risk as feelings. (2001)Moral Hazard and Observability (1979)The New Institutional Economics: Taking Stock, Looking Ahead (2000)Extensional versus intuitive reasoning: The conjunction fallacy in probability judgment. (1983)Heuristics and Biases: The Psychology of Intuitive Judgment (2004)Non-cooperative games (1989)Financial Intermediation and Delegated Monitoring (1984)Well-being : the foundations of hedonic psychology (1999)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)A Theory of Fairness, Competition, and Cooperation (1999)Boys will be Boys: Gender, Overconfidence, and Common Stock Investment (2001)The Skill Content of Recent Technological Change: An Empirical Exploration (2003)
this work references cited by second hop

References

  • 2019Theory of games and economic behavior16,630 cited
  • 1994Decisions with Multiple Objectives: Preferences and Value Tradeoffs.8,369 cited
  • 2024The Quarterly Journal of Economics7,176 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1982Regret Theory: An Alternative Theory of Rational Choice Under Uncertainty4,041 cited
  • 1972Essays in the Theory of Risk-Bearing.3,991 cited
  • 2015Games and Decisions3,632 cited
  • 1948The Utility Analysis of Choices Involving Risk3,097 cited
  • 1973A Treatise on Probability2,575 cited
  • 1947Theory of Games and Economic Behavior2,327 cited
  • 1952The Utility of Wealth1,845 cited
  • 1978Temporal Resolution of Uncertainty and Dynamic Choice Theory1,822 cited
  • 1982"Expected Utility" Analysis without the Independence Axiom1,518 cited
  • 1944Theory of Games and Economic Behaviour.1,401 cited
  • 1946Theory of Games and Economic Behaviour.1,285 cited

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Cited by

  • 2001Debates on the Utility of Risk. A Look Back to Move Forward2 cited
  • 2007Purity, Resistance, and Innocence in Utility Theory1 cited