Articles In Economic Journals

1. "The Efficiency Analysis of Choices Involving Risk," (with G. Hanoch), Review of Economic Studies, July 1969.
2. "A Note on Indifference Curves and Uncertainty," (with M. Sarnat), Swedish Journal of Economics, September 1969.
3. "Portfolio Selection and Investors' Utility: A Graphical Analysis," (with M. Sarnat), Applied Economics, August 1970.
4. "International Diversification of Investment Portfolios," (with M. Sarnat), American Economic Review, September 1970.
5. "The Mean-Variance Criterion and the Efficiency Frontier," (with M. Sarnat), Western Economic Journal, March 1971.
6. "The Investment-Consumption Decision Under Capital Rationing: An Efficient Set Analysis," (with F. Arditti and R. Grinold), Review of Economic Studies, July 1973.
7. "Stochastic Dominance Among Log-Normal Prospects," International Economic Review, October 1973.
8. "Stochastic Dominance, Efficiency Criteria and Efficient Portfolios: The Multi-Period Case," American Economic Review, December 1973.
9. "Toward Multivariate Efficiency Criteria," (with J. Paroush), Journal of Economic Theory, February, 1974.
10. "The Rationale of the Mean-Standard Deviation Analysis, Skewness Preference and the Demand for Money: A Comment," American Economic Review, June 1974.
11. "Short Sales and Diversification," Metroeconomica, December 1974.
12. "Investment Incentives and the Allocation of Resources," (with M. Sarnat), Economic Development and Cultural Change, April 1975.
13. "The World Oil Crisis: A Portfolio Interpretation," (with M. Sarnat), Economic Inquiry, September 1975.
14. "The Definition of Risk: An Extension," Journal of Economic Theory, February 1977.
15. "The Capital Asset Pricing Model and the Investment Horizon," (with D. Levhari), Review of Economics and Statistics, February 1977.
16. "Investment Decision Rules, Diversification and Investors' Initial Wealth," (with Y. Kroll), Econometrica, September 1978.
17. "Equilibrium in Imperfect Market: A Constraint on the Number of Securities in the Portfolio," American Economic Review, September 1978.
18. "Inflation, Depreciation and Optimal Production," (with Y. Landskroner), European Economic Review, 1979.
19. "Efficiency Analysis with Borrowing and Lending: Criteria and Their Effectiveness," (with Y. Kroll), Review of Economics and Statistics, February 1979.
20. "Approximating Expected Utility by a Function of Mean and Variance," with H.M. Markowitz), American Economic Review, June 1979.
21. "Optimal Claims in Automobile Insurance," (with I. Venezia), Review of Economic Studies, 1980.
22. "A Model of Parallel Team Strategy in Product Development," (with F. Arditti), American Economic Review, December 1980.
23. "The Capital Asset Pricing Model and the Investment Horizon: A Reply," (with D. Levhari), Review of Economics and Statistics, 1981.
24. "Stochastic Dominance and the Investment Horizon with Riskless Assets," (with A. Levy), Review of Economic Studies, 1982.
25. "The Capital Asset Pricing Model: Theory and Empiricism," The Economic Journal, March 1983.
26. "Multivariate Decision Making," (with A. Levy), Journal of Economic Theory, February 1984.
27. "Experimental Tests of the Separation Theorem and The Capital Asset Pricing Model," (with Y. Kroll and A. Rapoport), American Economic Review, June 1988.
28. "Two-Moment Decision Models and Expected Utility Maximization: Comment," American Economic Review, June 1989.
29. "The Formation of Stock Return Volatility Expectations After the Crash," (with D. J. Yoder), Economic Letters, 1991.
30. "Rational Expectation, Firm Size and Sample Selection Bias," (with D. Gunthorpe), Economic Letters, 37, 1991.
31. "Arrow-Pratt Measures of Risk-Aversion: The Multivariate Case," (with A. Levy), International Economic Review, November, 1991.
32. "Further Tests of the Separation Theorem and the Capital Asset Pricing Model," (with Y. Kroll), American Economic Review, 1992.
33. "A Stochastic Dominance Analysis of Trading Losses from Using Sample Estimates of the Variance in the Black-Scholes Model," (with J. Yoder), Economic Letters, December 1992.
34. "Absolute and Relative Risk Aversion: An Experimental Study," Journal of Risk and Uncertainty, 1994.
35. "A Microscopic Model of the Stock Market: Cycles, Booms, and Crashes," (with M.Levy and S. Solomon), Economic Letters, May 1994.
36. "Abnormal Expected Utility and Event Studying Abnormal Returns," (with D. Gunthorpe) Economic Letters, 1994.
37. "Definition of Risk: Decreasing Absolute Risk Aversion," (with Y. Kroll, M. Leshno, and Y. Spector), Journal of Mathematical Economics, 1995.
38. "Misuse and Optimum Inspecting Strategy in Agency Problems," (with B. Barlev), Metroeconomica, 1996.
39. "Correlation and the Time Interval Over Which the Variables are Measured," (with G. Schwarz), Journal of Econometrics, 1997.
40. "Risk and Return: An Experimental Analysis," International Economic Review, 1997.
41. A Comment of Rothschild and Stiglitz's "Increasing Risk: I. A Definition (with M. Leshno and Y. Spector) Journal of Economic Theory, November 1997.
42. "Stochastic Dominance and Prospect Dominance with Subjective Weighting Function," (with Z. Wiener) Journal of Risk and Uncertainty, 1998.
43. "Testing for Risk Aversion: a Stochastic Dominance Approach (with M. Levy) Economic Letters, 2001.
44. "Arrow-Pratt Risk Aversion, Risk Premium and Decision Weights," (with M. Levy), Journal of Risk and Uncertainty, 25,3, 2002.
45. "Investment Talent and the Pareto Wealth Distribution: Theoretical and Experimental Analysis," (with M. Levy), Review of Economics and Statistics, 2003.

Articles In Financial Journals

1. "The Connection Between Pre-Tax and Post-Tax Rates of Return," Journal of Business, October 1968.
2. "A Note on the Payback Method," Journal of Financial and Quantitative Analysis, December 1968.
3. "The Relationship of Rules of Thumb to the Internal Rate of Return: A Restatement and Generalization," (with M. Sarnat), Journal of Finance, June 1969.
4. "A Utility Function Depending on the First Three Moments," Journal of Finance, September 1969.
5. "Relative Effectiveness of Efficiency Criteria for Portfolio Selection," (with G.Hanoch), Journal of Financial and Quantitative Analysis, March 1970.
6. "Efficient Portfolio Selection with Quadratic and Cubic Utility," (with G. Hanoch), Journal of Business, April 1970.
7. "Diversification, Portfolio Analyand the Uneasy Case for Conglomerate Mergers," (with M. Sarnat), Journal of Finance, September 1970.
8. "Alternative Efficiency Criteria: An Empirical Analysis," (with M. Sarnat), Journal of Finance, December 1970.
9. "A Note on Portfolio Selection and Investors' Wealth," (with M. Sarnat), Journal of Financial and Quantitative Analysis, January 1971.
10. "Two Period Portfolio Selection and Investors' Discount Rates," (with M. Sarnat), Journal of Finance, June 1971.
11. "A Comment on Payback: A Reply," Journal of Financial and Quantitative Analysis, September 1971.
12. "Risk, Dividend Policy and the Optimal Pricing of a Rights Offering," (with M. Sarnat), Journal of Money, Credit and Banking, November 1971.
13. "Pre-Tax and Post-Tax Discount Rates," (with F. Arditti), Journal of Business Finance, Winter 1971.
14. "Distribution Moments and Equilibrium: A Comment," (with Fred. D. Arditti), Journal of Financial and Quantitative Analysis, January 1972.
15. Investment Performance in an Imperfect Securities Market and the Case for Mutual Funds," (with M. Sarnat), Financial Analysts Journal, March-April 1972.
16. "Safety-First and the Expected Utility Principle," (with M. Sarnat), Journal of Financial and Quantitative Analysis, June 1972.
17. "The Demand for Assets Under Conditions of Risk," Journal of Finance, March 1973.
18. "Valuation, Leverage and the Cost of Capital in the Case of Depreciable Assets," (with F. Arditti), Journal of Finance, June 1973.
19. "Safety-First and the Expected Utility Principle - Reply," (with M. Sarnat), Journal Financial and Quantitative Analysis, December 1974.
20. "Valuation, Leverage and the Cost of Capital in the Case of Depreciable Assets: A Reply," (with F. Arditti), Journal of Finance, March 1975.
21. "Portfolio Efficiency Analysis in Three Moments: The Multi-Period Case," (with F. Arditti), Journal of Finance, September 1975.
22. "Taxes, Uncertainty and Optimal Dividend Policy," (with F. Arditti and M. Sarnat), Financial Management, Spring 1976.
23. "Stochastic Dominance with Riskless Assets," (with Y. Kroll), Journal of Financial and Quantitative Analysis, December 1976.
24. "The Demand for Risky Assets Under Conditions of Risk: Reply," Journal of Finance, June 1977.
25. "Taxes, Capital Structure and the Cost of Capital: Some Extensions," (with F. Arditti and M. Sarnat), The Quarterly Review of Economics and Business, Summer 1977.
26. "The Weighted Average Cost of Capital as a Cutoff Rate: A Critical Analysis of the Classical Text Book Weighted Average," (with F. Arditti), Financial Management, Fall 1977.
27. "A Pedagogic Note on Alternative Formulations of the Goal of the Firm," (with M. Sarnat), Journal of Business, October 1977.
28. "Ordering Uncertain Options with Borrowing and Lending," (with Y. Kroll), Journal of Finance, May 1978.
29. "Exchange Risk and the Optimal Diversification of Foreign Currency Holding," (with M. Sarnat), Journal of Money, Credit and Banking, November 1978.
30. "Leasing, Borrowing and Financial Risk," (with M. Sarnat), Financial Management, Winter 1978.
31. "Stochastic Dominance with a Riskless Asset: An Imperfect Market," (with Y. Kroll), Journal of Financial and Quantitative Analysis," June 1979.
32. "Total Risk, Diversifiable Risk and Nondiversifiable Risk: A Pedagogic Note," (with M. Ben-Horim), Journal of Financial and Quantitative Analysis, June 1980.
33. "Sampling Errors and Portfolio Efficiency Analysis," (with Y. Kroll), Journal of Financial and Quantitative Analysis, September 1980.
34. "The Capital Asset Pricing Model, Inflation and the Investment Horizon: The Israel Experience," Journal of Financial and Quantitative Analysis, September 1980.
35. "The CAPM and Beta in an Imperfect Market," The Journal of Portfolio Management, Winter 1980.
36. "The Information Content of Accounting Data and the Management of Security Portfolios," Journal of Business Finance and Accounting, 1981.
37. "Optimal Portfolio of Foreign Currencies with Borrowing and Lending," Journal of Money, Credit and Banking, August 1981.
38. "A Test of the CAPM via a Confidence Level Approach," Journal of Portfolio Management, Fall 1981.
39. "The CAPM and the Investment Horizon," Journal of Portfolio Management, Winter 1981.
40. "Risk, Inflation and Liquidity Preference: A Simulation of the Portfolio Demand for Money," (with M. Sarnat), The Quarterly Review of Economics and Business, Spring 1982.
41. "Stochastic Dominance: A Note," (with Y. Kroll), Journal of Finance, June 1982.
42. "The Yield Curve and Expected Inflation," Financial Analysts Journal, November- December 1982.
43. "Stochastic Dominance Rules for Truncated Normal Distributions: A Note," Journal of Finance, December 1982.
44. "Management of Accounts Receivable Under Inflation," (with M. Ben-Horim),Financial Management, Spring 1983. This paper has been chosen as the best paper published on the topic and has won the Credit Foundation and Financial Management 1984 Award.
45. "Economic Valuation of Voting Rights of Common Stock," Journal of Finance, March 1983.
46. "Measuring Risk and Performance over Alternative Investment Horizons," Financial Analysts Journal, March-April 1984.
47. "Mean-Variance versus Direct Utility Maximization," (with Y. Kroll and H. Markowitz), Journal of Finance, March 1984.
48. "Another Look at the Capital Asset Pricing Model," Quarterly Review of Economics and Business, Summer 1984.
49. "Ordering Uncertain Options Under Inflation," (with A. Levy), Journal of Finance, September 1984.
50. "Upper and Lower Bounds of Put and Call Option Value: Stochastic Dominance Approach," Journal of Finance, September 1985.
51. "Testing P/E Ratio Filters by Stochastic Dominance Rules," (with Zvi Lerman), Journal of Portfolio Management, Winter 1985.
52. "Financial Break-Even Analysis and the Value of the Firm," (with R. Brooks), Financial Management, Autumn, 1986.
53. "Upper and Lower Bounds of Put and Call Option Value: Stochastic Dominance Approach - Erratum", The Journal of Finance, December 1986.
54. "Using Stochastic Dominance in Evaluating the Performance of Portfolios with Options," (with R. Brooks and J. Yoder), Financial Analysts Journal, March-April 1987.
55. "Futures, Spots, Stocks and Bonds: Multi-Assett Portfolio Analysis," The Journal of Futures Markets, June 1987.
56. "An Empirical Test of the Black-Scholes Pricing Model: A Confidence Intervals Approach," (with Young Hoon Byun), Journal of Accounting, Auditing and Finance, Fall 1987.
57. "Equilibrium with Uncertain Inflation," (with A. Levy), Journal of Financial and Quantitative Analysis, September 1987.
58. "Option Valuation Bonds: A Comparative Analysis," Studies in Banking and Finance, 1988.
59. "Using Accounting Data for the Management of Security Portfolios," (with B. Barlev and W. Denny), The Journal of Portfolio Management, Spring 1988.
60. "Testing the Predictive Power of Ex-Post Efficient Portfolios," (with Z. Lerman) Journal of Financial Research, Fall 1988.
61. "Internationally Diversified Bond and Stock Portfolios," (with Z. Lerman), Financial Analysts Journal, September/October, 1988.
62. "An Empirical Analysis of the Term Premiums Using Stochastic Dominance," (with R. Brooks) Journal of Banking and Finance, 13 (1989).
63. "The Coupon Effect on Term Premiums," (with R. Brooks and M. Livingston) The Journal of Financial Research, Spring 1989.
64. "Applying the Black-Scholes Model After Large Market Shocks," (with J. Yoder), Journal of Portfolio Management, Fall 1989.
65. "A Simple Analysis of the Contingent Claims Approach to Valuing Firm Commitment Underwriting Contracts," (with S. Bae), Journal of Financial and Strategic Decisions, Spring 1990.
66. "The Valuation of Firm Commitment Underwriting Contracts for Seasoned Equity Issues," (with S. Bae), Financial Management, 1990.
67. "Option Valuation: An Extension of the Binomial Model," (with A. Levy) Advance in Futures and Options Research, JAI Press, March 1991.
68. "Small Firm Effect: Are There Abnormal Returns in the Market," Journal of Accounting, Auditing and Finance, 1990.
69. "Possible Explanation of Synergy Merger and Small Firm Effect by Generalized GAPM," Review of Quantitative Finance and Accounting, January 1991.
70. "Portfolio Insurance: Does it Pay?" (with R. Brooks), Advances in Futures and Option Research, JAI Press, 1993.
71. "Active Timing Decisions of Equity Mutual Funds," (with R. Radcliff and R. Brooks), Financial Services Review, 1993.
72. "Optimal Investment Proportions in Senior Securities and Equities Under Alternative Holding Periods," (with D. Gunthorpe), Journal of Portfolio Management, Summer 1993.
73. "The Behavior of Option Implied Standard Deviations Around Mergers and Acquisition Announcement," (with J. Yoder), The Financial Review, May 1993.
74. "Market Reaction to Bond Downgradings Followed by Chapter 11 Filings" (with K. Bi), Financial Management, Autumn 1993.
75. "Investment Banker Prestige, Competition, and Underwriter Compensation in U.S. Seasons New Equity Issues," (with Sung C. Bae) Global Finance Journal, 5 (Summer 1994).
76. "Portfolio Composition and the Investment Horizon," (with D. Gunthorpe), Financial Analysts Journal, January/February 1994.
77. "Forward Exchange Bias, Hedging and the Gains from International Diversification of Investment Portfolios," (with K.C. Lim), Journal of International Money and Finance, 1994.
78. "Beta and an Investor's Holding Period," (with D. Gunthorpe and S. Wachowicz) Review of Business, Spring 1994.
79. "Are Term Premiums Risk Premiums," (with R. Brooks and M. Livingston), Advances of Quantitative Analysis of Finance and Accounting, Volume 3, Part A, 1995.
80. "Trading Losses from Using a Sample Estimate of the Variance in the Black-Scholes Model: A Simulation Analysis," (with J. Yoder), Advances in Quantitative Analysis of Finance and Accounting, 1995.
81. "Stock Market Volatility After the Crash," (with J. Yoder), Research in Finance, 1995.
82. "Signalling Theory and Risk Perception: An Experimental Study," (with E. Lazarovich-Porat), Journal of Economics and Business, 1995.
83. "Tests of the Efficiency of the U.S. Rights Offering Market: An Option Pricing," (with Sung C. Bae), Review of Quantitive Finance and Accounting, Volume 6, No. 3, 1996.
84. "Investment Diversification and Investment Specialization and the Assumed Holding Period," Applied Mathematical Finance, 1996.
85. "Cross Asset Versus Time Diversification," (with Y. Spector), Journal of Portfolio Management, 1996.
86. "Optimal Oil Production: A Portfolio Approach" (with A. Cohen), Journal of Energy, Finance, and Development, 1996.
87. "The Danger of Assuming Homogeneous Expectations," with M. Levy, Financial Analyst Journal, May/June 1996. A summary of this paper is published in The CFA Digest, Winter 1997.
88. "The Behavior of Option Prices Around Merger and Acquisition Announcements" (with J. Yoder), Advances in Investment Analysis and Portfolio Management, 1997.
89. "On the Risk of Stocks in the Long Run: Revisited (with A. Cohen) Journal of Portfolio Management, Spring 1998.
90. "A Negative Equilibrium Interest Rate" (with M. Levy and A. Edry), Financial Analyst Journal, April 2003.
91. "Asset Returns' Distributions and the Investment Horizon" (with R. Duchin), Journal of Portfolio Management, 2004.
92. "Time Diversification and Stochastic Dominance" (with C.W. Hodges and J.A. Yoder), Research in Finance, 2004.
93. " 'Homemade Leverage': Theory versus Experimental Evidence" (with M. Levy and N. Alisof), Journal of Portfolio Management, 2004.
94. "Prospect Theory and Mean-Variance Analysis" (with M. Levy), Review of Financial Studies, 2004.
95. "A Stochastic Dominance Approach to Evaluating Alternative Estimators of the Variance in the Black-Scholes Model," (with J. Yoder), Applied Financial Economics, forthcoming.
96. "Capital Asset Prices with Heterogeneous Beliefs," (with M. Levy and G. Benita) Journal of Business, forthcoming.
97. "The Value of Financial Disclosure and Regulation: A Portfolio Approach," (with M. Levy and G. Benita) Journal of Portfolio Management, forthcoming.
98. "Does Risk Seeking Drive Stock Prices" (with T. Post), Review of Financial Studies, forthcoming.
99. "Experimental Economics and the Theory of Finance," Encyclopedia in Finance, forthcoming.

Articles In Management And Decision Science Journals

1. "Portfolio Performance and the Investment Horizon," Management Science, August 1972.
2. "Multi-Period Stochastic Dominance," (with J. Paroush), Management Science, December 1974.
3. "Multi-Period Consumption Decision Under Conditions of Uncertainty," Management Science, July 1976.
4. "Does Diversification Always Pay" in E. Elton and M. Gruber (eds.) TIMS Study in the Management Science, Essays in Honor of Harry Markowitz, Vol. 11, 1979.
5. "Sample vs. Population Mean-Variance Efficient Portfolios," (with Y. Kroll), Management Science, November 1980.
6. "Inflation and the Trade Credit Period," (with M. Ben-Horim), Management Science, June 1982.
7. "The Effects of Variable and Fixed Transaction Costs on Optimal Investment Decisions," (with R. Lazimy), Decision Science, 1983.
8. "A Parametric Approach to Stochastic Dominance: The Lognormal Case," (with Y. Kroll) Management Science, March 1986.
9. "New Product Screening Via the Intention to Buy Scale" (with Chezy Ofir), Decision Science, Winter 1986.
10. "Market Reaction to Quarterly Earnings' Announcements: A Stochastic Dominance Based on Market Efficiency," (with H. Falk), Management Science, Vol. 35, No. 4, April 1989.
11. "The Mean-Coefficient of Variation Rule: The Lognormal Case," Management Science, June 1991.
12. "Stochastic Dominance: Survey and Analyses," Management Science, April 1992.
13. "The Capital Asset Pricing Model with Diverse Holding Periods," (with P.A. Samuelson), Management Science, November 1992.
14. "Regression, Correlation, and the Time Interval: Additive-Mutiplicative Framework" (with I. Guttman and I. Tkatch), Management Science, 2001.
15. "Prospect Theory: Much Ado About Nothing?" (with M. Levy), Management Science, 2002.
16. "Preferred by 'All' and Preferred by 'Most Decision Makers: Almost Stochastic Dominance" (with M. Leshno), Management Science, 2002.

Other Journals

1. "Changes in Wage Differentials by Occupational Groups, 1957/8-1963-4," Bank of Israel Bulletin, No. 30, May 1968.
2. "Investment Criteria in the Public Sector," Economic Quarterly, December 1968 (Hebrew).
3. "Methods of Calculating Premiums for Motor Vehicle Insurance in Israel," Bituah, Israel Insurance Review, No. 9, April 1969 (Hebrew).
4. "Investment Performance: Social Versus Private Consideration," Management: The Israel Management Center Quarterly, No. 4, October 1969 (Hebrew).
5. "Profitability of Savings Through Insurance Companies," (with J. Kahane), Journal of Risk and Insurance, June 1970.
6. "Evaluation of the Investment via Insurance Companies in Israel," (with J. Kahane), Economic Quarterly, June 1970 (Hebrew).
7. "The Portfolio Analysis of Multiperiod Capital Investment Under Conditions of Risk," (with M. Sarnat), The Engineering Economist, Winter 1970.
8. "The Impact of the Six Day War on the Electronics and Metal Industry," (with M. Sarnat), The Levi Eshkol Institute for Economic, Social and Political Research, 1973.
9. "Government Intervention, Investment Incentives and the Price of Foreign Exchange," The Economic Quarterly, September 1973 (Hebrew).
10. "The Revenue Structure of Local Governments in Israel-Future Prospects," (with B. Barlev), in J. Steinmann (ed.) The Revenue Structure of Local Government in Israel, State of Israel, Ministry of Interior, Jerusalem, 1974 (Hebrew).
11. "Regulation in the Insurance Industry: Determination of Premiums in Automobile Insurance", (with Y. Kahane), Journal of Risk and Insurance, December 1974.
12. "Devaluation, Risk and Portfolio Analysis of Investments," (with M. Sarnat), in E.J. Elton and M.J. Gruber (eds.), International Capital Markets, North-Holland, 1975.
13. "Risk, Diversification and the Composition of the Market Portfolio: An Empirical Analysis of the Tel-Aviv Stock Exchange," (with M. Sarnat), Bank of Israel Economic Review, No. 42, January 1975 (Hebrew and English).
14. "An Analysis of the General Property Tax (Arnona Klalit)," (with B. Barlev), City and Region, February 1975 (Hebrew).
15. "Loss Carryback and Carryover Provisions: Effectiveness and Economic Implications," (with B. Barlev), National Tax Journal, June 1975.
16. "Investment Incentives and Resource Allocation," (with M. Sarnat), The Economic Quarterly, December 1975 (Hebrew).
17. "Devaluation, Risk, Portfolio Balance and International Capital Flows," (with M. Sarnat), Konjunkturpolitik, No. 4, 1976.
18. "The Make or Buy Decision," (with M. Sarnat), Journal of General Management, Autumn 1976.
19. "Multi-Period Stochastic Dominance with One-Period Parameters, Liquidity Preference and Equilibrium in the Log-Normal Case," in Alan Blinder and Philip Friedman (eds.), Natural Resources, Uncertainty, Dynamics and Trade: Essays in Honor of Rafael Lusky, Academic Press, 1977.
20. "Choosing the Best Advertising Appropriate When Appropriations Interact Over Time," (with J.L. Simon), Research in Marketing, Vol. 1, June 1977. Chosen as the "Best Theoretical/Empirical Paper" (Winner) by the Association for Information and Decisional Science Conference, Chicago, October 1977.
21. "Project Evaluation, Government Intervention and the Price of Foreign Exchange," Revenue Economique, January 1979.
22. "Taxation and Investments Under Inflation," (with Y. Landskroner), The Economic Quarterly, September 1979 (Hebrew).
23. "On the Variability of Accounting Income Numbers," (with B. Barlev), Journal of Accounting Research, Autumn 1979.
24. "Stochastic Dominance Criteria: A Review and Analysis" (with Y. Kroll), Research in Finance, Vol. 2, JAI Press, 1980.
25. "Financial Management in an Inflationary Economy," (with M. Ben-Horim) in E.I. Altman, ed., Financial Handbook, fifth edition, John Wiley & Sons, 1981.
26. "Lease Financing: Cost Versus Liquidity." The Engineering Economist, (with Y. Landskroner), Fall 1981.
27. "Evaluating Estimators Using Stochastic Dominance Rules: The Variance of a Normal Distribution," (with M. Ben-Horim), Communication in Statistics, 1982.
28. "Capital Structure, Inflation and the Cost of Capital in Israeli Industry: 1964-1978," Bank of Israel Survey, (based on Maurice Falk Institute of Economic Research Discussion Paper No. 795, March 1979), Vol. 53, 1982.
29. "Optimal Multiperiod Insurance Contracts," (with I. Venezia), Insurance: Mathematics and Economics, 1983.
30. "International Portfolio Diversification," (with M. Sarnat), in R. Herring (ed.), Managing Foreign Exchange Risk, Academic Press, 1983.
31. "Voting Power, the CAPM, and Market Efficiency," in Robert F. Lanzillotti and Yoram C. Peles (Editors), Research in Finance, Supplement 1, 1984.
32. "Stochastic Dominance and Parameter Estimation: The Case of Symmetric Stable Distributions," (with M. Ben-Horim), Insurance: Mathematics and Economics, 1984.
33. "Financial Management in an Inflationary Economy," (with M. Ben-Horim), Financial Handbook, Sixth Edition, John Wiley and Sons, 1986, Section 15, pp. 1-41. This a revision of the paper which was published in the Fifth Edition.
34. "Estimate of the Cost of Capital in the Israeli Industry," (with Z. Lerman) Bank of Israel (Hebrew 1985, pp. 65-94, English 1987.
35. "Stochastic Dominance," The New Palgrave: A Dictionary of Economic Theory and Doctrine, Macmillan Press, 1987.
36. "Investment, Capital Structure and Cost of Capital: Revisited," (with Y. Kroll) in Studies in the Economics of Uncertainty: In Honor of Josef Hadar (Eds. B. Fomby and K. Seo), Springer Verlag, New York, 1988.
37. "The Stochastic Dominance Estimation of Default Probability," (with M. Broske) in Studies in the Economics of Uncertainty: In Honor of Joseph Hadar (Eds. B. Fomby and K. Seo) Springer Verlag, New York, 1988.
38. "Experimental Tests of the Mean-Variance Model for Portfolio Selection," (with Y. Kroll and A. Rapoport), Organizational Behavior and Human Decision Processes, 1988.
39. "Optimal Term Life Insurance - A Practical Solution," (with J. Simon and N. Doherty) Insurance, Mathematics and Economics, 7, 1988.
40. "A Generalization that Makes Useful the Dorfman-Steiner Theorem with Respect to Advertising," (with J. Simon) Managerial and Decision Economics, 1989.
41. "Agency Costs When the Agent's Talent is Unknown: A Bayesian Approach," Information Comercial Espanola, Revisita de Economia, December 1990.
42. "Microscopic Simulations of the Stock Market: The Effect of Microscopic Diversity," (with M. Levy and S. Solomon), Journal de Physique I., August, 1995.
43. "Decision-Making Under Uncertainty: Stochastic Dominance" (with M. Leshno) in Current State in Business Disciplines, Ed. Shri Bhagwan Dahiya, Spellbound Publication PVT. LTD., Rohtale, 2000.
44. "Experimental Test of the Prospect Theory Value Function" (with M. Levy), Organizational Behavior and Human Decision Processes, 2002.
45. "Stochastic Dominance and Medical Decision Making" (with M. Leshno), Health Care Management Science, 2004.

Articles - Reprinted

1. "The Capital Asset Pricing Model with Diverse Holding Periods," (with P. Samuelson), in The History of Management Thought, Dartmouth Publishing Company, forthcoming.
2. "Internationally Diversified Bond and Stock Portfolios," in R. W. Kolb (editor) The International Finance Reader, Kolb Publishing Company, Miami, Florida 1991.
3. "The Weighted Average Cost of Capital as a Cutoff Rate: A Critical Analysis of Classical Textbook Weighted Average," in Pearson Hunt, Victor L. Andrews and Charles Young (eds.), Financial Management: Cases and Readings, R.D. Irwin, forthcoming.
4. "The Make or Buy Decision," Handbook for Managers, Uitgevrij Kluwer Publishing Company, forthcoming.
5. "Taxes, Uncertainty and the Optimal Dividend Policy," in The Chartered Financial Analysts Digest, Summer 1977.
6. "Devaluation, Risk and the Portfolio Analysis of International Investment," in R. Brealy and G. Rankine (eds.) European Finance Association, l975 Proceedings, North Holland Press, 1976.
7. "The Efficiency Analysis of Choices Involving Risk," in W.T. Ziemba and R.G. Vickson (eds.) Stochastic Optimization Models in Finance, Academic Press, New York, l975.
8. "Investment Criteria in the Public Sector," in A. Van der Hall (ed.) Analysis of Cost- Benefit, Ministry of the Treasury, Jerusalem, l97l.
9. "Stochastic Dominance with a Riskless Asset: An Imperfect Market," Summary in Referativnyi Zhural: Matematika (Soviet Mathematical Abstracts), No. 9, l980.
10. "Stochastic Dominance among Log-Normal Prospects," a summary in Zentralblatt fur Mathematik, Akademie der Wissenschaften der DDR, Berlin, Volume 272, l974.
11. "Investment Performance in an Imperfect Securities Market and the Case for Mutual Funds," in Financial Counseling Study Guide, The American College, l976.
12. "The World Oil Crisis: A Portfolio Interpretation," in The Chartered Financial Analysts Digest.
13. "The Relationship of Rules of Thumb to the Internal Rate of Return," in K. Luder (ed.) Capital Investment, Munich: F. Wahler Verlag.
14. "Diversification, Portfolio Analysis and the Uneasy Case for Conglomerate Mergers," Readings in Financial Analysis, The Certified General Accountants' Association of Canada.
15. "The Portfolio Analysis of Multi-Period Investment Under Conditions of Risk," in J.P. Dickinson (ed.) Portfolio Analysis, Farnborough: D.C. Heat Ltd., l974.
16. "Portfolio Selection and Investors' Utility: A Graphical Analysis," in J.P. Dickinson (ed.) Portfolio Analysis, Farnborough: D.C. Heat Ltd., 1974.
17. "International Diversification of Investment Portfolios," in S. Markvidakes (ed.) Readings in International Finance, New York: Lexington Books, 1974.