This paper discusses five questions concerning maximum likelihood estimation: What kind of theory is maximum likelihood? How is maximum likelihood used in practice? To what extent can this theory and practice be justified from a decision-theoretic viewpoint? What are maximum likelihood's principal virtues and defects? What improvements have been suggested by decision theory?
"Maximum Likelihood and Decision Theory." Ann. Statist. 10 (2) 340 - 356, June, 1982. https://doi.org/10.1214/aos/1176345778