We study how investments that require long-term financial commitments are affected by undiversifiable, uninsurable risk … in the economic environment in the context of investor preferences characterized by decreasing absolute risk aversion and … risk aversion, this leads to an endogenous discounting of long-term projects. High perceived risk in the economic …

and cost contingencies in complex projects -- Cost escalation and exchange-rate volatility risk assessment methods -- High …-level overview of simplistic Monte Carlo and parametric risk assessment methods -- Case study 1: applications of a tradition PRM …This book integrates for readers three areas of knowledge, pertaining to risk-based project decision making: project …