Risk Tolerance, Marketing Information and Investment Decision Makings Under Loss Aversion: Theory and Evidence
نویسندگان
چکیده
منابع مشابه
Optimal investment under operational flexibility, risk aversion, and uncertainty
Traditional real options analysis addresses the problem of investment under uncertainty assuming a risk-neutral decision maker and complete markets. In reality, however, decision makers are often risk averse and markets are incomplete. We confirm that risk aversion lowers the probability of investment and demonstrate how this effect can be mitigated by incorporating operational flexibility in t...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1893904