Alpha-robust mean-variance reinsurance-investment strategy

Risk, Ambiguity, and the Savage Axioms

Daniel Ellsberg · The Quarterly Journal of Economics · 1961 · 7.9K citations

Business, Mathematics, Philosophy +12

Rules Rather than Discretion: The Inconsistency of Optimal Plans

Finn E. Kydland, Edward C. Prescott · Journal of Political Economy · 1977 · 7.9K citations

Social Sciences, Economics, Public Policy +15

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

A Smooth Model of Decision Making under Ambiguity

Peter Klibanoff, Mássimo Marinacci, Sujoy Mukerji · Econometrica · 2005 · 1.9K citations

Business, Decision Sciences, Economics +17

Preference and belief: Ambiguity and competence in choice under uncertainty

Chip Heath, Amos Tversky · Journal of Risk and Uncertainty · 1991 · 1.7K citations

Business, Behavioral Sciences, Decision Sciences +10