Nonexpected Utility in Macroeconomics

An Intertemporal Capital Asset Pricing Model

1973 • 6,653 citations

The equity premium: A puzzle

1985 • 5,686 citations

Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework

1989 • 4,242 citations

Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence

1978 • 3,343 citations

Habit Formation: A Resolution of the Equity Premium Puzzle

1990 • 2,223 citations

Temporal Resolution of Uncertainty and Dynamic Choice Theory

1978 • 1,849 citations

Stationary Ordinal Utility and Impatience

1960 • 1,494 citations

Saving and Uncertainty: The Precautionary Demand for Saving

1968 • 1,324 citations

The Equity Premium Puzzle and the Riskfree Rate Puzzle

1989 • 1,038 citations

The Effect of Uncertainty on Saving Decisions

1970 • 910 citations

A Time Series Analysis of Representative Agent Models of Consumption and Leisure Choice under Uncertainty

1988 • 621 citations

Risk aversion with many commodities

1974 • 398 citations

Intertemporal Substitution, Risk Aversion and the Euler Equation for Consumption

1989 • 255 citations

A New Representation of Preferences over "Certain x Uncertain" Consumption Pairs: The "Ordinal Certainty Equivalent" Hypothesis

1978 • 225 citations

Adjustment costs, durables, and aggregate consumption

1985 • 195 citations

Disentangling the Coefficient of Relative Risk Aversion from the Elasticity of Intertemporal Substitution: An Irrelevance Result

1990 • 146 citations

The Structure of Intertemporal Preferences under Uncertainty and Time Consistent Plans

1985 • 109 citations

Risk aversion and asset prices

1988 • 89 citations

Asset Pricing and Optimal Portfolio Choice in the Presence of Illiquid Durable Consumption Goods

2003 • 8 citations

Aggregate Consumption Behaviour in a Life Cycle Model with Non-Additive Recursive Utility

1987 • 8 citations

Essays on intertemporal household choice

1987 • 6 citations

Why Don't the Prices of Stocks and Bonds Move Together?

1986 • 5 citations

Substitution in consumption

1985 • 5 citations