Coherent Price Systems and Uncertainty-Neutral Valuation
نویسندگان
چکیده
منابع مشابه
Valuation Uncertainty and Imperfect Introspection in Second-Price Auctions
In auction theory, agents are typically presumed to have perfect knowledge of their valuations. In practice, though, they may face barriers to this knowledge due to transaction costs or bounded rationality. Modeling and analyzing such settings has been the focus of much recent work, though a canonical model of such domains has not yet emerged. We begin by proposing a taxonomy of auction models ...
متن کاملValuation Uncertainty and Imperfect Introspection in Second-Price Auctions
In auction theory, agents are typically presumed to have perfect knowledge of their valuations. In practice, though, they may face barriers to this knowledge due to transaction costs or bounded rationality. Modeling and analyzing such settings has been the focus of much recent work, though a canonical model of such domains has not yet emerged. We begin by proposing a taxonomy of auction models ...
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Valuation is often said to be “an art not a science” but this relates to the techniques employed to calculate value not to the underlying concept itself. Valuation is the process of estimating price in the market place. Yet, such an estimation will be affected by uncertainties. Uncertainty in the comparable information available; uncertainty in the current and future market conditions and uncer...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2012
ISSN: 1556-5068
DOI: 10.2139/ssrn.2027692