Consumption–investment strategies with non-exponential discounting and logarithmic utility

Optimum consumption and portfolio rules in a continuous-time model

Robert C. Merton · Journal of Economic Theory · 1971 · 6.2K citations

Social Sciences, Economics, Finance +16

Golden Eggs and Hyperbolic Discounting

David Laibson · The Quarterly Journal of Economics · 1997 · 6.2K citations · Full text

Social Sciences, Economics, Behavioral Economics +14

Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case

Robert C. Merton · The Review of Economics and Statistics · 1969 · 5.3K citations

Social Sciences, Economics, Finance +17

Myopia and Inconsistency in Dynamic Utility Maximization

Robert H. Strotz · The Review of Economic Studies · 1955 · 2.9K citations

Social Sciences, Economics, Decision Theory +16

Adapted solution of a backward stochastic differential equation

Étienne Pardoux, Shigē Péng · Systems & Control Letters · 1990 · 2.8K citations

Engineering, Mathematics, Differential Equations +9