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Universität Mannheim - Sonderforschungsbereich 504 Rationalitätskonzepte, Entscheidungsverhalten und Ökonomische Modellierungb - Discussion Papers
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USB Cologne (business full texts)
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Investment Behavior under Ambiguity : the Case of Pessimistic Decision Makers
Ludwig, Alexander
;
Zimper, Alexander
-
2004
The authors demonstrates that, in contrast to optimistic investors, pessimistic investors may strictly prefer investing in an illiquid asset toinvesting in a liquid asset.
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