A Prospect Theory Model of Resource Allocation
Published Online:21 May 2009https://doi.org/10.1287/deca.1090.0142
References
- Loss aversion under prospect theory: A parameter-free measurement. Management Sci. (2007) 53(10):1659–1674Link, Google Scholar
- Violations of cumulative prospect theory in mixed gambles with moderate probabilities. Management Sci. (2006) 52(8):1288–1290Link, Google Scholar
- Prospect theory and asset prices. Quart. J. Econom. (2001) 116(1):1–53Crossref, Google Scholar
- Individual preferences, monetary gambles, and the equity premium. (2003) . NBER Working Paper 9997, National Bureau of Economic Research, Cambridge, MACrossref, Google Scholar
- Reevaluation of the results by Levy and Levy (2002a). Organ. Behav. Human Decision Processes (2004) 94(1):15–21Crossref, Google Scholar
- A survey study of factors influencing risk-taking behavior in real-world decisions under uncertainty. Decision Anal. (2006) 3(3):163–176Link, Google Scholar
- Myopic loss aversion and the equity premium puzzle. Quart. J. Econom. (1995) 110(1):73–92Crossref, Google Scholar
- A risk/return paradox for strategic management. Sloan Management Rev. (1980) 21(3):17–31Google Scholar
- Risk seeking by troubled firms. Sloan Management Rev. (1982) 23(4):33–42Google Scholar
- Content analysis of annual reports for corporate strategy and risk. Interfaces (1984) 14(1):61–71Link, Google Scholar
- Corporate Capital Investment: A Behavioral Approach (1986) (Cambridge University Press, New York) Google Scholar
- Looking at prospect theory. (2009) . Working paper, Merage School of Business, University of California, IrvineGoogle Scholar
- Situational and institutional determinants of firms' R&D search intensity. Strategic Management J. (2007) 28:369–381Crossref, Google Scholar
- Optimal pension insurance design. J. Banking Finance (2008) 32(3):382–392Crossref, Google Scholar
- Business Economic Planning (1976) (Wiley, London) Google Scholar
- Prospect theory and the risk-return association: An empirical examination in 85 industries. J. Econom. Behav. Organ. (1990) 14:187–203Crossref, Google Scholar
- Dynamic and risk measurement perspectives on Bowman's risk-return paradox for strategic management: An empirical study. Strategic Management J. (1986) 7:395–407Crossref, Google Scholar
- Attitudes toward risk and the risk-return paradox: Prospect theory explanations. Acad. Management J. (1988) 31:85–106Crossref, Google Scholar
- The Economics of Industrial Innovation (1997) (MIT Press, Cambridge, MA) Google Scholar
- Scale, scope, and spillovers: The determinants of research productivity in drug discovery. RAND J. Econom. (1996) 27(1):32–59Crossref, Google Scholar
- Prospect theory and the risk-return relation: Some Belgian evidence. Acad. Management J. (1991) 34(1):215–225Crossref, Google Scholar
- Estimating preferences under risk: The case of racetrack bettors. J. Political Econom. (2000) 108(3):503–530Crossref, Google Scholar
- Prospect theory: An analysis of decision under risk. Econometrica (1979) 47:263–290Crossref, Google Scholar
- Shifts of reference points for framing of strategic decisions and changing risk-return associations. Management Sci. (2000) 46(1):63–76Link, Google Scholar
- Prospect theory: Much ado about nothing? Management Sci. (2002) 48(10):1334–1349Link, Google Scholar
- Social and private rates of return from industrial innovations. Quart. J. Econom. (1977) 91(2):221–240Crossref, Google Scholar
- Learning to be risk averse. Psych. Rev. (1996) 103(2):309–319Crossref, Google Scholar
- Managerial perspectives on risk and risk taking. Management Sci. (1987) 33(11):1404–1418Link, Google Scholar
- The utility of wealth. J. Political Econom. (1952) 60(2):151–158Crossref, Google Scholar
- Measuring organizational downside risk. Strategic Management J. (1996) 17:671–691Crossref, Google Scholar
- The probability weighting function. Econometrica (1998) 66:497–527Crossref, Google Scholar
- Decision making over time and under uncertainty: A common approach. Management Sci. (1991) 37(7):770–786Link, Google Scholar
- Risk aversion in cumulative prospect theory. Management Sci. (2008) 54(1):208–216Link, Google Scholar
- Multi-attribute investment decisions: A study of R&D project selection. Management Sci. (1977) 24(3):285–301Link, Google Scholar
- Advances in prospect theory: Cumulative representation of uncertainty. J. Risk Uncertainty (1992) 5:297–323Crossref, Google Scholar
- Playing for peanuts: Why is risk seeking more common for low-stakes gambles? Organ. Behav. Human Decision Processes (2005) 97:31–46Crossref, Google Scholar
- Escalating commitment to a course of action: A reinterpretation. Acad. Management Rev. (1986) 11(2):311–321Crossref, Google Scholar
- A behavioral agency model of managerial risk taking. Acad. Management Rev. (1998) 23(1):133–153Crossref, Google Scholar
- An empirical test of gain-loss separability in prospect theory. Management Sci. (2008) 54(7):1322–1335Link, Google Scholar

