메뉴 건너뛰기




Volumn 45, Issue 3, 1999, Pages 364-381

Risk aversion or myopia? Choices in repeated gambles and retirement investments

Author keywords

[No Author keywords available]

Indexed keywords

DECISION MAKING; DECISION THEORY; GAME THEORY; RESOURCE ALLOCATION; SENSITIVITY ANALYSIS; STRATEGIC PLANNING;

EID: 0032641570     PISSN: 00251909     EISSN: None     Source Type: Journal    
DOI: 10.1287/mnsc.45.3.364     Document Type: Article
Times cited : (318)

References (33)
  • 1
    • 84906006114 scopus 로고
    • Myopic loss aversion and the equity premium puzzle
    • Benartzi, S., R. H. Thaler. 1995. Myopic loss aversion and the equity premium puzzle. Quart. J. Econom. 110(1) 73-92.
    • (1995) Quart. J. Econom. , vol.110 , Issue.1 , pp. 73-92
    • Benartzi, S.1    Thaler, R.H.2
  • 3
    • 0040250342 scopus 로고    scopus 로고
    • Valuation ratios and the long-run stock market outlook
    • Campbell, J. Y., R. J. Shiller. 1998. Valuation ratios and the long-run stock market outlook. J. Portfolio Management Winter 11-26.
    • (1998) J. Portfolio Management , vol.WINTER , pp. 11-26
    • Campbell, J.Y.1    Shiller, R.J.2
  • 4
    • 0345503458 scopus 로고
    • Risk preferences in coin-toss games
    • Coombs, C. H., D. E. Meyer. 1969. Risk preferences in coin-toss games. J. Math. Psych. 6 514-527.
    • (1969) J. Math. Psych. , vol.6 , pp. 514-527
    • Coombs, C.H.1    Meyer, D.E.2
  • 5
    • 0000667126 scopus 로고    scopus 로고
    • Repeated optional gambles and risk aversion
    • Gollier, C. 1996. Repeated optional gambles and risk aversion. Management Sci. 42(11) 1524-1530.
    • (1996) Management Sci. , vol.42 , Issue.11 , pp. 1524-1530
    • Gollier, C.1
  • 8
    • 0002731826 scopus 로고
    • Timid choices and bold forecasts: A cognitive perspective on risk taking
    • Kahneman, D., D. Lovallo. 1993. Timid choices and bold forecasts: A cognitive perspective on risk taking. Management Sci. 39 17-31.
    • (1993) Management Sci. , vol.39 , pp. 17-31
    • Kahneman, D.1    Lovallo, D.2
  • 9
    • 49649138413 scopus 로고
    • Subjective probability: A judgment of representativeness
    • _, A. Tversky. 1972. Subjective probability: A judgment of representativeness. Cognitive Psych. 3 430-454.
    • (1972) Cognitive Psych. , vol.3 , pp. 430-454
    • Tversky, A.1
  • 10
    • 0000125532 scopus 로고
    • Prospect theory: An analysis of decision under risk
    • _, _. 1979. Prospect theory: An analysis of decision under risk. Econometrica 47 263-291.
    • (1979) Econometrica , vol.47 , pp. 263-291
  • 11
    • 0041906967 scopus 로고
    • Choices, values and frames
    • _, _. 1984. Choices, values and frames. Amer. Psych. 39 341-350.
    • (1984) Amer. Psych. , vol.39 , pp. 341-350
  • 12
    • 84980189873 scopus 로고
    • Additional tests of utility theory under unique and repeated conditions
    • Keren, G. 1991. Additional tests of utility theory under unique and repeated conditions. J. Behavioral Decision Making 4 297-304.
    • (1991) J. Behavioral Decision Making , vol.4 , pp. 297-304
    • Keren, G.1
  • 14
    • 0000211703 scopus 로고
    • Standard risk aversion
    • Kimball, M. S. 1993. Standard risk aversion. Econometrica 61 589-611.
    • (1993) Econometrica , vol.61 , pp. 589-611
    • Kimball, M.S.1
  • 17
    • 0030100115 scopus 로고    scopus 로고
    • When time is of the essence: Averaging, aspiration, and the short run
    • _. 1996. When time is of the essence: averaging, aspiration, and the short run. Organ. Behavior and Human Decision Processes 65(3) 179-189.
    • (1996) Organ. Behavior and Human Decision Processes , vol.65 , Issue.3 , pp. 179-189
  • 19
    • 0000314740 scopus 로고
    • Lifetime portfolio selection under uncertainty: The continuous time case
    • Merton, R. 1969. Lifetime portfolio selection under uncertainty: The continuous time case. Rev. Econom. Statist. 61 247-257.
    • (1969) Rev. Econom. Statist. , vol.61 , pp. 247-257
    • Merton, R.1
  • 21
    • 0001844748 scopus 로고
    • Preferences among gambles with equal underlying distributions
    • Payne, J. W., M. L. Braunstein. 1971. Preferences among gambles with equal underlying distributions. J. Experiment. Psych. 87(1) 13-18.
    • (1971) J. Experiment. Psych. , vol.87 , Issue.1 , pp. 13-18
    • Payne, J.W.1    Braunstein, M.L.2
  • 22
    • 0002158052 scopus 로고
    • Mean reversion in stock prices: Evidence and implications
    • Poterba, J. M., L. H. Summers. 1988. Mean reversion in stock prices: Evidence and implications. J. Financial Econom. 22(1) 27-59.
    • (1988) J. Financial Econom. , vol.22 , Issue.1 , pp. 27-59
    • Poterba, J.M.1    Summers, L.H.2
  • 25
    • 84965485455 scopus 로고
    • On the framing of multiple prospects
    • Redelmeier, D. A., A. Tversky. 1992. On the framing of multiple prospects. Psych. Sci. 3(3) 191-193.
    • (1992) Psych. Sci. , vol.3 , Issue.3 , pp. 191-193
    • Redelmeier, D.A.1    Tversky, A.2
  • 27
    • 0001222908 scopus 로고
    • The value of unit price information
    • Russo, J. E. 1977. The value of unit price information. J. Marketing Res. 14 193-201.
    • (1977) J. Marketing Res. , vol.14 , pp. 193-201
    • Russo, J.E.1
  • 28
    • 0001786618 scopus 로고
    • Risk and uncertainty: A fallacy of large numbers
    • Samuelson, P. A. 1963. Risk and uncertainty: A fallacy of large numbers. Scientia 98 108-113.
    • (1963) Scientia , vol.98 , pp. 108-113
    • Samuelson, P.A.1
  • 29
    • 0000314743 scopus 로고
    • Lifetime portfolio selection by dynamic stochastic programming
    • _. 1969. Lifetime portfolio selection by dynamic stochastic programming. Rev. Econom. Statist. 61 238-246.
    • (1969) Rev. Econom. Statist. , vol.61 , pp. 238-246
  • 31
    • 58149417531 scopus 로고
    • Relative importance of probabilities and payoffs in risk taking
    • Slovic, P., S. Lichtenstein. 1968. Relative importance of probabilities and payoffs in risk taking. J. Experiment. Psych. 78(3, Part 2) 1-18.
    • (1968) J. Experiment. Psych. , vol.78 , Issue.3 PART 2 , pp. 1-18
    • Slovic, P.1    Lichtenstein, S.2
  • 32
    • 0000630111 scopus 로고
    • Gambling with the house money and trying to break even: The effects of prior outcomes on risky choice
    • Thaler, R. H., E. J. Johnson. 1990. Gambling with the house money and trying to break even: The effects of prior outcomes on risky choice. Management Sci. 36(6) 643-660.
    • (1990) Management Sci. , vol.36 , Issue.6 , pp. 643-660
    • Thaler, R.H.1    Johnson, E.J.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.