The recent notion of Average Internal Rate of Return (AIRR) [Magni 2010, The Engineering Economist, 55(2), 150 …-180] completely solves the long-standing problem of the internal rate of return (IRR). While the AIRR is a return measure, this paper … depend on the market rate, and is a return measure, for it is a mean of one-period return rates, weighed by the outstanding …

other asset markets. These premiums have their roots in fundamentals and will vary as a function of uncertainty about the … economy, the risk aversion of investors, information uncertainty and fear of catastrophe, among other factors. In practice …

interest rate uncertainty on investment decision. When the interest rate is low an increase in interest rate volatility … shadow rate is substantially below the bound, the decision to invest or wait no longer depends on interest rate uncertainty …This paper examines irreversible investment decisions when the interest rate is stochastic and constrained by a zero …

The properties of information, including "information uncertainty", can be understood only Bayesianly. Common … formulations that define information uncertainty in terms of just statistical "precision" (i.e. sampling variance), or any one … affecting f(x|φ,⋅), information uncertainty alters posterior beliefs f(φ|x,⋅), and therefore also asset prices and expected …

scaling method derives Single correlations from Class. Return expectations are split into an interest rate part and a spread …