This paper investigates how capital budgeting techniques that include the option to abandon can be exploited as management tools to aid not only in the invest/abandon decision but also in ongoing project management, financial forecasting and the timing of strategic moves. Three parameters are...

Positive effects of employee participation on organizational performance are closely linked to the implementation of a specific corporate culture always referred to as ‘ownership culture’. This issue can be stimulated through employee share purchase plans (ESPP). This article will...

Choquet integrals and capacities play a crucial role in modern decision theory. Comonotony is a central concept for these theories because the main property of a Choquet integral is its additivity for comonotone functions. We consider a Choquet integral representation of preferences showing...

This note completes the main result of Zimper (Theory and decision, doi:<ExternalRef> <RefSource>10.1007/s11238-010-9221-8</RefSource> <RefTarget Address="10.1007/s11238-010-9221-8" TargetType="DOI"/> </ExternalRef>, <CitationRef CitationID="CR7">2010</CitationRef>), by showing that additional conditions are needed in order the law of iterated expectations to hold true for Choquet decision makers. Due to the comonotonic additivity of Choquet...</citationref></refsource></externalref>

[eng] Assessing Controversial Risks Using Real Options Theory . by Robert Kast, André Lapied, Sophie Pardo and Camelia Protopopescu . Public decision-making and risk assessment in such fields as environmental risk, industrial risk, disaster insurance, and health and unemployment insurance...