Hopfensitz, Astrid; van Winden, Frans - 2006
problem involves the presence of a “global risk,” that is, a chance of losing everything whichever safe or risky option is … variable is the particular decision stage at which a global risk is resolved: (i) before the investment decision; (ii) after … the investment decision, but before the resolution of the decision risk; (iii) after the resolution of the decision risk …