An innovative thinking on the concepts of ex-ante value, ex-post value and the realized value (price)
Researchers have been considering the realized value as the ex-post realization of theex-ante value. They have argued that that the realized values have failed to estimate the expectedvalue in asset-pricing models. We provide a new definition of the ex-post measurement and weshow that considering re...
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Pontificia Universidade Catolica de Sao Paulo
2015
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