FEVRIER, Philippe; LINNEMER, Laurent - In: Annales d'Economie et de Statistique (2004) 73, pp. 199-225
Quite often, a firm has to decide between investing in a safe project ("small") where rewards and losses remain moderate and a risky alternative ("big") where the rewards and the losses are larger. We study such a choice in a context where the probability of success depends both on the intrinsic...