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This paper deals with the use of the CAPM for capital budgeting purposes. Four different measures are deductively drawn from this model: the disequilibrium Net Present Value, the equilibrium Net Present Value, the disequilibrium Net Future Value, the equilibrium Net Future Value. While all of...
Persistent link: https://www.econbiz.de/10005055505
Making a decision is a complex process which must be based upon a method that is able to establish the optimum criteria … in choosing an alternative, in evaluating the main effects of implementing the decision which was taken and in estimating …
Persistent link: https://www.econbiz.de/10005790371
Decision making always and necessarily implies human actions, which, when facing an external event (information) must …
Persistent link: https://www.econbiz.de/10008544702
, services, capital, knowledge, and to a smaller extent, people. Under the conditions of the actual existence of risk and … uncertainty, the Fondamenta of decision will assume a deep knowledge and timely two media inside and outside, where economic … agents conducted their business and streamline actions and human decisions consisting not only in risk avoidance and removal …
Persistent link: https://www.econbiz.de/10008753086
supported by a second study, a survey conducted with 32 top professional goalkeepers. The seemingly biased decision making is … particularly striking since the goalkeepers have huge incentives to make correct decisions, and it is a decision they encounter …
Persistent link: https://www.econbiz.de/10005621397
This book presents a simple, yet very powerful, conceptual framework, which can be used to estimate market sizes, prices and their interdependency for new products based on historical market data for existing products in related areas. Even in situations where insufficient data is available the...
Persistent link: https://www.econbiz.de/10005789447
What matters to economic decision-making is whether the economy has become more or less predictable. People and … reversals, among other measures. The observed macroeconomic uncertainty affects proper economic decision-making and is not …
Persistent link: https://www.econbiz.de/10012866688
consumer toward risk, time preference, and intertemporal substitution. The null hypothesis is that a growing government sector … does not affect the consumer's behavior, and the alternative is that it causes him to become less risk averse, more …
Persistent link: https://www.econbiz.de/10011107306
risk neutral probabilities associated an adjustment to asymmetrical views. …
Persistent link: https://www.econbiz.de/10011107373
In this paper we show that the wildly popular Holt and Laury (2002) risk preference elicitation method confounds … estimates of the curvature of the utility function, the traditional notion of risk preference, with an estimate of the extent to … that our new method yields significantly different levels of implied risk aversion than the Holt and Laury task even after …
Persistent link: https://www.econbiz.de/10011107621