Optimal Portfolio Positioning on Multiple Assets Under Ambiguity

Risk, Ambiguity, and the Savage Axioms

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

Business, Mathematics, Philosophy +12

Optimum consumption and portfolio rules in a continuous-time model

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

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Limit Theorems for Stochastic Processes.

Ditlev Monrad, Jean Jacod, Albert N. Shiryaev · Journal of the American Statistical Association · 1988 · 4.2K citations

Engineering, Mathematics, Financial Economics +16

Maxmin expected utility with non-unique prior

Itzhak Gilboa, David Schmeidler · Journal of Mathematical Economics · 1989 · 4.2K citations

Business, Mathematics, Decision Theory +8

Theory of Games and Economic Behavior

E. N., John von Neumann, Oskar Morgenstern · The Journal of Philosophy · 1945 · 4.1K citations

Social Sciences, Economics, Behavioral Economics +11