Time diversification, liquidity constraints, and decreasing aversion to risk on wealth

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

Risk Aversion in the Small and in the Large

John W. Pratt · Econometrica · 1964 · 4.9K citations

Business, Economics, Insurance +15

Risk Aversion in the Small and in the Large

John W. Pratt · Econometrica · 1976 · 4.7K citations

Business, Economics, Insurance +15

Lifetime Portfolio Selection By Dynamic Stochastic Programming

Paul A. Samuelson · The Review of Economics and Statistics · 1969 · 1.7K citations

Business, Finance, Financial Management +14

The Theory of Syndicates

Robert Wilson · Econometrica · 1968 · 1.2K citations

Business, Economics, Finance +12