[1] Aiyagari, S. Rao. (1993). Explaining Financial Market Facts: the Importance of Incomplete Markets and Trans-action Costs..Federal Reserve Bank of Minneapolis Quarterly Review 17, 1, 17-31.

[2] Aiyagari, S. R., & Gertler, M. (1991). Asset Returns with Transactions Costs and Uninsured Individual Risk..Journal of Monetary Economics 27, 311-331.

[3] Black, F., & Scholes, M. (1973). The Pricing of Options and Corporate Liabilities..Journal of Political Economy 81, 637-659.

[4] Bliss, R., & Panigirtzoglou, N. (2004). Option Implied Risk Aversion Estimates..Journal of Finance 59, 1, 407-446.

[5] Brennan, M. J., & Schwartz, E. S. (1982). Consistent Regulatory Policy under Uncertainty.. Bell Journal of Economics 13, 2, 506-521.

[6] Cerny, A., & Hodges, S. (2000). The Theory of Good-Deal Pricing in Financial Markets.. Selected Proceedings of the First Bachelier Conference, Springer.

[7] Cochrane, J., & Saa-Requejo, J. (2000). Beyond Arbitrage: Good-Deal Asset Price Bounds in Incomplete Markets..Journal of Political Economy 108, 1, 79-119.

[8] Copeland, T., & Antikarov, V. (2001). Real Options: a Practitioner.s Guide. Texere, New York.

[9] Copeland, T., Koller, T., & Murrin, J. (2000). Valuation: Measuring and Managing the Value of Companies. McKinsey & Company, Inc., New York.

[10] Copeland, T., & Weiner, J. (1990). Proactive Management of Uncertainty..McKinsey Quarterly 4, 133-152.

[11] Cox, J. C., Ingersoll, J. E., & Ross, S. A. (1985). An Intertemporal, General Equilibrium Model of Asset Prices. Econometrica 53, 2, 363-384.

[12] Cox, J., Ross, S., & Rubinstein, M., (1979). Option Pricing: A Simplifed Approach.. Journal of Financial Economics 7, 229-263.

[13] Davis, R. E. (2001). Decision Policy Optimization via Certainty Equivalent Functions for Exponential Utility.Advances in Mathematical Programming and Financial Planning, 6, 89-113.

[14] Duffie, D., & Huang, C. (1985). Implementing Arrow-Debreu Equilibria by Continuous Trading of Few Long-Lived Securities.Econometrica 53, 6, 1337-1356.

[15] El-Karoui, N., & Quenez, M.C. (1995). Dynamic Programming and Pricing of Contingent Claims in Incomplete Markets..SIAM Journal on Control and Optimization 33, 1, 29-66.

[16] Figlewski, S. (1998) Derivatives Risks, Old and New..Brookings-Wharton Papers on Financial Services 1, 159-217.

[17] Follmer, H., & Leukert, P. (1999). Quantile Hedging..Finance and Stochastics 3, 251-273.

[18] Fugazza, C., Guidolin, M., & Nicodano, G (2009). Time and Risk Diversi.cation in Real Estate Investments: Assessing the Ex Post Economic Value..American Real Estate and Urban Economic Association 37, 3, 341-375.

[19] Green, T. C., & Figlewski, S. (1999). Market Risk and Model Risk for a Financial Institution Writing Options. Journal of Finance 54, 4, 1465-1499.

[20] Hagstromer, B., Anderson, R.G., Binner, J.M., Elger, T., & Nilsson, B. (2008) „Mean-Variance versus Full-Scale Optimization: Broad Evidence for the UK”.The Manchester School Supplement, 134-156.

[21] Harrison, J. M., & Kreps, D. M. (1979). Martingales and Arbitrage in Multiperiod Securities Markets. Journal of Economic Theory 20, 381-408.

[22] Henderson, V. (2005). Explicit Solutions to an Optimal Portfolio Choice Problem with Stochastic Income. Journal of Economic Dynamics & Control 29, 7, 1237-1266.

[23] Howard, R. A. (1971). Proximal Decision Analysis..Management Science 17, 507-541.

[24] Hugonnier, J., & Morellec, E. (2007). Corporate Control and Real Investment in Incomplete Markets, Journal of Economic Dynamics and Control 31, 1781-1800.

[25] Kreps, D. (1981). Arbitrage and Equilibrium in Economies with In.nitely Many Commodities.. Journal of Mathematical Economics 8, 15-35.

[26] Jacque, L. (1980). An Expected Utility Framework for Foreign Exchange Decisions: the Long and Short of it..Ph.D. Dissertation, University of Pennsylvania.

[27] Luenberger, D. (1988). Investment Science, Ch. 16. Oxford University Press, Oxford, UK.

[28] Merton, R. (1973). The Theory of Rational Option Pricing.. Bell Journal of Economics and Management Science, 141-183.

[29] Merton, R. (1992). Continuous Time Finance, Blackwell Publishing Co., Cambridge, MA.

[30] Nau, R. F., & McCardle, K.F. (1991).Arbitrage, Rationality, and Equilibrium.. Theory and Decision 31, 199-240.

[31] O'Brien, J.R. (1992). Experimental Stocks with Controlled Risk Preferences,.Journal of Accounting, Auditing, and Finance 7, 2, 117-134.

[32] Pliska, S. R. (1997). Introduction to Mathematical Finance. Blackwell, MA, USA.

[33] Pyo, U. (2008). Real Option Pricing and Bounds in Incomplete Markets..Engineering Economist 53, 4-41.

[34] Rendleman, R.J., & Bartter, B.J. (1979). Two-State Option Pricing.. Journal of Finance 34, 117-134.

[35] Serra, T, Goodwin, B.K., & Featherstone, A.M. (2011). Risk Behavior in the presence of Government Programs..Journal of Econometrics 162, 1, 18-24.

[36] Sick, G.(1995). Real Options.. Handbooks in Operations Research and Management Science. Finance 9, Ch. 21, North-Holland.

[37] Silvers, J. B. (1973) .An Alternative to the Yield Spread as a Measure of Risk..Journal of Finance 28, 4, 933-955.

[38] Smith, J. E. (1998). Evaluating Income Streams: A Decision Analysis Approach.. Management Science 44, 1690-1708.

[39] Smith, J.E., & Nau, R.F. (1995) .Evaluating Risky Projects: Option Pricing Theory and Decision Analysis..Management Science 41, 795-816.

[40] Staum, J. (2004). Fundamental Theorems of Asset Pricing for Good Deal Bounds,.Mathematical Finance, 14, 141-161.

[41] Teisberg, E.O. (1995). Methods for Evaluating Capital Investment Decisions under Uncertainty.. Real Options in Capital Investment, edited by Lenos Trigeorgis, Ch. 2, Praeger, CT.

[42] Trigeorgis, L., & Mason, S.P. (1987). Valuing Managerial Flexibility..Midland Corporate Finance Journal 5, 14-21.

[43] Valenzuela, J., & Mazumdar, M. (2003). Commitment of Electric Power Generators under Stochastic Market Prices..Operations Research 51, 6, 880-892.

[44] Wang, G.Y. (2010). A Dynamic Programming Approach to Real Option Valuation in Incomplete Markets. Proceedings of International Conference of Business Intelligence and Financial Engineering.