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The real options approach considers strategic management and decision-making as a process aimed at actively reducing exposition to downside risk and promoting exposition to upside opportunities. It stands at the hinge between pure finance and other areas of decision making under risk such as...
Persistent link: https://www.econbiz.de/10005079348
The real options approach considers strategic management and decision-making as a process aimed at actively reducing exposition to downside risk and promoting exposition to upside opportunities. It stands at the hinge between pure finance and other areas of decision making under risk such as...
Persistent link: https://www.econbiz.de/10005079360
of uncertainty in our experiments. In two additional treatments, we control for future uncertainty with a continuation … probability sessions, suggesting that this bias robustly persists in environments including both risk and future uncertainty, and …
Persistent link: https://www.econbiz.de/10004988529
Uncertainties as to future supply costs of nonrenewable natural resources, such as oil and gas, raise the issue of the choice of supply sources. In a perfectly deterministic world, an efficient use of multiple sources of supply requires that any given market exhausts the supply it can draw from...
Persistent link: https://www.econbiz.de/10005100519
Criteria for initiation of highly active antiretroviral treatments (HAART) in HIV-infected patients remain a matter of debate world-wide because short-term benefits have to be balanced with costs of these therapies, and restrictions placed on future treatment options if resistant viral strains...
Persistent link: https://www.econbiz.de/10005100610
phenomenon. Uncertainty, in the form of an increase in the spread of agents' types, tends to reduce investment despite symmetric …
Persistent link: https://www.econbiz.de/10005100822
This paper statistically tests the option theory of irreversible investment under uncertainty. Using contingent claims …
Persistent link: https://www.econbiz.de/10005100855
Oil companies often announce revised estimates of their reserves. This indicates that stock uncertainty is a prevalent …
Persistent link: https://www.econbiz.de/10005100899
Criteria for initiation of highly active antiretroviral treatments (HAART) in HIV-infected patients remain a matter of debate world-wide because short-term benefits have to be balanced with costs of these therapies, and restrictions placed on future treatment options if resistant viral strains...
Persistent link: https://www.econbiz.de/10005100920
What is a rational decision-maker supposed to do when facing an unfamiliar problem, where there is uncertainty but no … different predictions about trading behavior in a simple asset market under uncertainty. A controlled laboratory experiment …
Persistent link: https://www.econbiz.de/10005100945