Limited Liability, Short Selling, Bounded Utility, and Infinite-Variance Stable Distributions

An introduction to probability theory and its applications

1958 • 31,109 citations

Portfolio Selection: Efficient Diversification of Investments

1959 • 5,744 citations

The variation of certain speculative prices

1997 • 4,766 citations

Essays in the Theory of Risk-Bearing.

1972 • 4,221 citations

Aspects of the Theory of Risk-Bearing.

1966 • 1,931 citations

Mandelbrot and the Stable Paretian Hypothesis

1963 • 832 citations

The Fundamental Approximation Theorem of Portfolio Analysis in terms of Means, Variances and Higher Moments

1970 • 735 citations

The Pareto-Levy Law and the Distribution of Income

1960 • 733 citations

When Can Price be Arbitraged Efficiently? A Limit to the Validity of the Random Walk and Martingale Models

1971 • 484 citations

Portfolio Analysis in a Stable Paretian Market

1965 • 478 citations

New methods in statistical economics

1997 • 460 citations

Multiperiod Consumption-Investment Decisions

1970 • 449 citations

Forecasts of Future Prices, Unbiased Markets, and "Martingale" Models

1966 • 449 citations

General Proof that Diversification Pays

1967 • 385 citations

Fallacy of the log-normal approximation to optimal portfolio decision-making over many periods

1974 • 277 citations

Das Unsicherheitsmoment in der Wertlehre

1934 • 135 citations

Efficient Portfolio Selection for Pareto-Levy Investments

1967 • 118 citations

COMMENTS ON THE FAVORABLE-BET THEOREM

1974 • 6 citations

Existence, uniqueness and continuity of portfolio choice

1974 • 4 citations

A Note on the Uniqueness of Portfolio Choice

1976 • 1 citations