The strategic value of flexibility in sequential decision making

A Mathematical Theory of Communication

Claude E. Shannon · Bell System Technical Journal · 1948 · 80.7K citations

Engineering, Communication, Electrical Engineering +11

Production and Distribution in the Short Run

George J. Stigler · Journal of Political Economy · 1939 · 510 citations

Social Sciences, Business Economics, Economics +9

The Principle of Increasing Risk

M. Kalecki · Economica · 1937 · 384 citations

Social Sciences, Economics, Entrepreneurship +12

Robustness and Optimality as Criteria for Strategic Decisions

Jonathan Rosenhead, Martin C.J. Elton, S. K. Gupta · Journal of the Operational Research Society · 1972 · 307 citations

Business, Decision Sciences, Decision Theory +9

Flexibility and Uncertainty

Joseph M. Ostroy · The Review of Economic Studies · 1984 · 287 citations

Social Sciences, Business Economics, Economics +17