Investing for the Long Run when Returns Are Predictable

An Intertemporal Capital Asset Pricing Model

1973 • 6,653 citations

Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case

1969 • 5,148 citations

Business conditions and expected returns on stocks and bonds

1989 • 4,137 citations

Dividend yields and expected stock returns

1988 • 3,736 citations

The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors

1988 • 3,689 citations

On estimating the expected return on the market

1980 • 2,932 citations

Stock Prices, Earnings, and Expected Dividends

1988 • 2,383 citations

Stock returns and the term structure

1987 • 2,322 citations

An Introduction to Bayesian Inference in Econometrics.

1974 • 2,058 citations

LIFETIME PORTFOLIO SELECTION BY DYNAMIC STOCHASTIC PROGRAMMING

1975 • 1,863 citations

Predicting returns in the stock and bond markets

1986 • 1,825 citations

A Variance Decomposition for Stock Returns

1991 • 1,817 citations

An Introduction to Bayesian Inference in Econometrics.

1972 • 1,749 citations

Lifetime Portfolio Selection By Dynamic Stochastic Programming

1969 • 1,665 citations

Predictive regressions

1999 • 1,589 citations

Dividend Yields and Expected Stock Returns: Alternative Procedures for Inference and Measurement

1992 • 1,304 citations

Consumption and Portfolio Decisions when Expected Returns are Time Varying

1999 • 1,090 citations

Strategic asset allocation

1997 • 784 citations

On the Predictability of Stock Returns: An Asset‐Allocation Perspective

1996 • 750 citations

International Portfolio Diversification with Estimation Risk

1985 • 705 citations

Stocks for the Long Run

1994 • 636 citations

Estimation for Markowitz Efficient Portfolios

1980 • 515 citations

Dynamic Nonmyopic Portfolio Behavior

1996 • 496 citations

The Role of Learning in Dynamic Portfolio Decisions *

1998 • 433 citations

Optimal Portfolio Choice Under Incomplete Information

1986 • 425 citations

An Empirical Bayes Approach to Efficient Portfolio Selection

1986 • 407 citations

On the Risk of Stocks in the Long Run

1995 • 330 citations

Capital asset prices with heterogeneous beliefs

1977 • 314 citations

Estimation Risk and Optimal Portfolio Choice.

1980 • 307 citations

Prediction and Decision Problems in Regression Models from the Bayesian Point of View

1965 • 222 citations

The Long-Term Case for Equities

1994 • 219 citations

Estimation risk and optimal portfolios

1985 • 10 citations