RISK AVERSION, GAMBLING AND THE LABOUR‐LEISURE CHOICE

The Utility Analysis of Choices Involving Risk

Milton Friedman, Leonard J. Savage · Journal of Political Economy · 1948 · 3.1K citations

Business, Decision Sciences, Economics +14

The Utility of Wealth

Harry M. Markowitz · Journal of Political Economy · 1952 · 1.8K citations

Social Sciences, Economics, Microeconomics +5

Why do People Buy Lottery Tickets? Choices Involving Risk and the Indivisibility of Expenditure

Ng Yew Kwang · Journal of Political Economy · 1965 · 152 citations

Business, Behavioral Sciences, Economics +14

Friedman-Savage Utility Functions Consistent with Risk Aversion

Nils H. Hakansson · The Quarterly Journal of Economics · 1970 · 74 citations

Business, Economics, Behavioral Economics +14

The Utility of Wealth and the Utility of Windfalls

John Flemming · The Review of Economic Studies · 1969 · 59 citations

Social Sciences, Economics, Natural Resource Economics +13