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An information transaction entails the purchase of information. Formally, it consists of an information structure together with a price. We develop an index of the appeal of information transactions, which is derived as a dual to the agent’s preferences for information. The index of...
Persistent link: https://www.econbiz.de/10010570903
. The second is where each one seeking to maximize his utility function is intuitively constrained to minimize the risk. The … means that can combine these two aims is a well-defined investment process. Through this paper work we tried to summarize … around 26 years of experience of a group of traders and investment advisors. What’s common to all of them is the definition …
Persistent link: https://www.econbiz.de/10011259003
, occupation, income, savings and family size over several elements of investment decisions like priorities based on … characteristics of investments, period of investment, reach of information source, frequency of investment and analytical abilities … influence over some of the investment decision elements and insignificant in others elements too. The study also discloses a …
Persistent link: https://www.econbiz.de/10010558909
Persistent link: https://www.econbiz.de/10010839987
Theoretical models of investment under uncertainty predict that the sign and the strength of the investment … investment and the market power of the firm. This paper investigates the effects of uncertainty on the investment decisions of a …. Consistent with the predictions of the theory, there is considerable heterogeneity in the effect of uncertainty on investment: it …
Persistent link: https://www.econbiz.de/10005123802
neoclassical investment model with time to build. This model also serves as the base for the empirical work, where an error …
Persistent link: https://www.econbiz.de/10005644582
This paper uses a controlled laboratory environment and a two-person investment game in a multi-period setting to … trust by over 30% in both cases. To control for a treatment sequence effect, we conducted the experiment in a reverse order …
Persistent link: https://www.econbiz.de/10010577299
organizational rigidities also affect R&D investment. A semiparametric estimator of sample selection is employed to control for …
Persistent link: https://www.econbiz.de/10010856400
framework of entrepreneurial firms’ investment and capital structure decisions with time-inconsistent preferences. We show that …). Time-inconsistent preferences delay investment under both all-equity financing and debt-equity financing. However, the … impact is weakened under debt-equity financing, because debt financing increases the payoff value upon investment and …
Persistent link: https://www.econbiz.de/10010860085
popular advice. Finally, I show that it is only at the investment horizon that the BSR is independent of risk aversion. …
Persistent link: https://www.econbiz.de/10010940018