Relative-valuation is a technique whereby financial analysts estimate the value of an asset by comparing it to its peers. The author formalizes the decision-making structure of a relativevaluation strategy and simulate a market defined by its use. He finds that when the distribution of peer...

Relative-valuation is a technique whereby financial analysts estimate the value of an asset by comparing it to its peers. The author formalizes the decision-making structure of a relativevaluation strategy and simulate a market defined by its use. He finds that when the distribution of peer...

Предложена характеристика объективности подходов, которые чаще всего используются для сравнительной оценки экономического развития и уровня жизни населения...