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...
| Hlavní autoři: | , |
|---|---|
| Médium: | Journal article |
| Vydáno: |
World Scientific Publishing
2017
|