In this study, we experimentally analyze the investment behavior of smallholder farmers in Uganda. We consider a problem of optimal stopping, stylizing an option to invest in a project. We ascertain whether, and to what extent, the real options approach and the classical investment theory can...

Kazakhstan and Germany have different development levels of the agricultural sectors. One of the explanations for this fact might be the different investment behavior of farmers in the two countries. We experimentally analyze whether the investment behavior of farmers is consistent with the...

This paper establishes a general analytical framework for the impulse controls of the diffusion processes driven by multidimensional G-Brownian motion. We propose new G-quasi-variational inequalities (G-QVI) and we provide a verification theorem to link a classical (smooth) solution of the G-QVI...