Irreversible investments and ambiguity aversion

Real option valuation has traditionally been concerned with investment under project value uncertainty while assuming that the agent has perfect confidence in a specific model. However, agents do not generally have perfect confidence in their model and this ambiguity may affect their decisions. In a...

תיאור מלא

מידע ביבליוגרפי
Main Authors: Cartea, Á, Jaimungal, S
פורמט: Journal article
יצא לאור: World Scientific Publishing 2017