A paradox in time-consistency in the mean–variance problem?

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

On Second-Best National Saving and Game-Equilibrium Growth

Edmund S. Phelps, Robert A. Pollak · The Review of Economic Studies · 1968 · 1.5K citations

Social Sciences, Economics, Macroeconomics +11

Continuous-Time Mean-Variance Portfolio Selection: A Stochastic LQ Framework

Xun Yu Zhou, Duan Li · Applied Mathematics & Optimization · 2000 · 1.1K citations

Business, Finance, Financial Management +14

MEAN–VARIANCE PORTFOLIO OPTIMIZATION WITH STATE‐DEPENDENT RISK AVERSION

Tomas Björk, Agatha Murgoci, Xun Yu Zhou · Mathematical Finance · 2012 · 528 citations · Full text

Social Sciences, Economics, Finance +17

Consistent Planning

Robert A. Pollak · The Review of Economic Studies · 1968 · 374 citations

Business, Decision Sciences, Planning Theory +2