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Volumn 34, Issue 3, 1999, Pages 323-339

Adding risks: Samuelson's fallacy of large numbers revisited

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Indexed keywords


EID: 0038850166     PISSN: 00221090     EISSN: None     Source Type: Journal    
DOI: 10.2307/2676262     Document Type: Article
Times cited : (47)

References (16)
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    • (1984) Review of Economic Studies , vol.51 , pp. 393-414
    • Diamond, D.W.1
  • 4
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    • The assessment of large compounds of independent gambles
    • Hellwig, M. F. "The Assessment of Large Compounds of Independent Gambles." Journal of Economic Theory, 67 (1995), 299-326.
    • (1995) Journal of Economic Theory , vol.67 , pp. 299-326
    • Hellwig, M.F.1
  • 5
    • 0005010256 scopus 로고
    • Portfolio Turnpike theorems, risk aversion, and regularly varying utility functions
    • Huberman, G., and S. A. Ross. "Portfolio Turnpike Theorems, Risk Aversion, and Regularly Varying Utility Functions." Econometrica, 51 (1983), 1345-1361.
    • (1983) Econometrica , vol.51 , pp. 1345-1361
    • Huberman, G.1    Ross, S.A.2
  • 6
    • 0000125532 scopus 로고
    • Prospect theory: An analysis of decision under risk
    • Kahneman, D., and A. Tversky. "Prospect Theory: An Analysis of Decision under Risk." Econometrica, 47 (1979), 263-291.
    • (1979) Econometrica , vol.47 , pp. 263-291
    • Kahneman, D.1    Tversky, A.2
  • 7
    • 0000211703 scopus 로고
    • Standard risk aversion
    • Kimball, M. S. "Standard Risk Aversion." Econometrica, 61 (1993), 589-611.
    • (1993) Econometrica , vol.61 , pp. 589-611
    • Kimball, M.S.1
  • 9
    • 0012986164 scopus 로고
    • Attractive compounds of unattractive investments and gambles
    • Nielsen, L. T. "Attractive Compounds of Unattractive Investments and Gambles." Scandinavian Journal of Economics, 87 (1985), 463-473.
    • (1985) Scandinavian Journal of Economics , vol.87 , pp. 463-473
    • Nielsen, L.T.1
  • 11
    • 0040063641 scopus 로고
    • Portfolio Turnpike theorems for constant policies
    • Ross, S. A. "Portfolio Turnpike Theorems for Constant Policies." Journal of Financial Economics, 1 (1974a), 171-198.
    • (1974) Journal of Financial Economics , vol.1 , pp. 171-198
    • Ross, S.A.1
  • 12
    • 0011703624 scopus 로고
    • Consumption and portfolio choices with transaction costs
    • Comment by R. Multherjee and E. Zabel, Amsterdam: North-Holland Publishing Co.
    • _. Comment on "Consumption and Portfolio Choices with Transaction Costs," by R. Multherjee and E. Zabel, in Essays on Economic Behavior under Uncertainty Amsterdam: North-Holland Publishing Co. (1974b).
    • (1974) Essays on Economic Behavior under Uncertainty
  • 14
    • 0001786618 scopus 로고
    • Risk and uncertainty: A fallacy of large numbers
    • Samuelson, P. "Risk and Uncertainty: A Fallacy of Large Numbers." Scientia, 98 (1963), 108-113.
    • (1963) Scientia , vol.98 , pp. 108-113
    • Samuelson, P.1
  • 15
    • 0001731416 scopus 로고
    • The 'fallacy' of maximizing the geometric mean in long sequences of investing or gambling
    • _. "The 'Fallacy' of Maximizing the Geometric Mean in Long Sequences of Investing or Gambling." Proceedings of the National Academy of Sciences, 68 (1971), 2493-2496.
    • (1971) Proceedings of the National Academy of Sciences , vol.68 , pp. 2493-2496


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.