Irreversible Decisions Under Uncertainty
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Irreversible Decisions Under Uncertainty
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Author : Svetlana Boyarchenko
language : en
Publisher: Springer Science & Business Media
Release Date : 2007-08-26
Irreversible Decisions Under Uncertainty written by Svetlana Boyarchenko and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-08-26 with Business & Economics categories.
Here, two highly experienced authors present an alternative approach to optimal stopping problems. The basic ideas and techniques of the approach can be explained much simpler than the standard methods in the literature on optimal stopping problems. The monograph will teach the reader to apply the technique to many problems in economics and finance, including new ones. From the technical point of view, the method can be characterized as option pricing via the Wiener-Hopf factorization.
Investment Under Uncertainty
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Author : Avinash K. Dixit
language : en
Publisher: Princeton University Press
Release Date : 1994
Investment Under Uncertainty written by Avinash K. Dixit and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? Why have traditional economic models of investment failed to explain the behavior of investment spending in the United States and other countries? In this book, Avinash Dixit and Robert Pindyck provide the first detailed exposition of a new theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions, and the ongoing uncertainty of the economic environment in which these decisions are made. In so doing, they answer important questions about investment decisions and the behavior of investment spending. This new approach to investment recognizes the option value of waiting for better (but never complete) information. It exploits an analogy with the theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and extend the various strands of research that have come out of the theory. Their book shows the importance of the theory for understanding investment behavior of firms; develops the implications of this theory for industry dynamics and for government policy concerning investment; and shows how the theory can be applied to specific industries and to a wide variety of business problems.
The Great Mental Models General Thinking Concepts
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Author : Farnam Street
language : en
Publisher:
Release Date : 2019-12-16
The Great Mental Models General Thinking Concepts written by Farnam Street and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-16 with categories.
The old saying goes, ''To the man with a hammer, everything looks like a nail.'' But anyone who has done any kind of project knows a hammer often isn't enough. The more tools you have at your disposal, the more likely you'll use the right tool for the job - and get it done right. The same is true when it comes to your thinking. The quality of your outcomes depends on the mental models in your head. And most people are going through life with little more than a hammer. Until now. The Great Mental Models: General Thinking Concepts is the first book in The Great Mental Models series designed to upgrade your thinking with the best, most useful and powerful tools so you always have the right one on hand. This volume details nine of the most versatile, all-purpose mental models you can use right away to improve your decision making, productivity, and how clearly you see the world. You will discover what forces govern the universe and how to focus your efforts so you can harness them to your advantage, rather than fight with them or worse yet- ignore them. Upgrade your mental toolbox and get the first volume today. AUTHOR BIOGRAPHY Farnam Street (FS) is one of the world's fastest growing websites, dedicated to helping our readers master the best of what other people have already figured out. We curate, examine and explore the timeless ideas and mental models that history's brightest minds have used to live lives of purpose. Our readers include students, teachers, CEOs, coaches, athletes, artists, leaders, followers, politicians and more. They're not defined by gender, age, income, or politics but rather by a shared passion for avoiding problems, making better decisions, and lifelong learning. AUTHOR HOME Ottawa, Ontario, Canada
Transport Decisions In An Age Of Uncertainty
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Author : E.J. Visser
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Transport Decisions In An Age Of Uncertainty written by E.J. Visser and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Proceedings of the 3rd World Conference on Transport Research, Rotterdam, The Netherlands, April 1977
Modeling Environment Improving Technological Innovations Under Uncertainty
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Author : Alexander Golub
language : en
Publisher: Routledge
Release Date : 2008-12-08
Modeling Environment Improving Technological Innovations Under Uncertainty written by Alexander Golub and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-08 with Business & Economics categories.
This book presents a compendium of methodologies for evaluating the economic impact of technological innovation upon climate-change policy. There is a broad consensus on the key elements of climate-change science and agreement that near-term actions are needed to prevent dangerous anthropogenic interference with the climate system. However, there is little agreement on the costs and benefits of climate policy. Any policy implementation will result in an irreversible but environment-improving investment in alternative technologies; this change will generate immediately-realized costs but significantly-delayed benefits. Hence, a critical element in policy selection is the inherent uncertainty in the climate and economy that can be expected over time.
The Art Of Making Decisions Under Uncertainty
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Author : Charles Yoe
language : en
Publisher: CRC Press
Release Date : 2025-09-04
The Art Of Making Decisions Under Uncertainty written by Charles Yoe and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-09-04 with Technology & Engineering categories.
Uncertainty is a part of every decision we make, from the everyday to the high-stakes, from personal choices to professional strategy. The Art of Making Decisions Under Uncertainty offers a clear, practical approach to dealing with the unknown without getting stuck or overwhelmed. Rather than treating uncertainty as a barrier, this book invites readers to see it as a constant companion—something to work with, not work against. Drawing on proven tools, real-world examples, and a wealth of practical insight, it shows how to make thoughtful, informed decisions even when information is incomplete, priorities are competing, and the path forward feels anything but clear. This is not a theory-heavy treatise. It’s a textbook guide for real people facing real decisions. Grounded in decision science but written for a broad audience, it bridges the gap between technical complexity and everyday practicality. Whether you’re leading a team, managing risk, shaping policy, or simply trying to make better personal choices, this book meets you where you are—with tools that work, language that makes sense, and encouragement to move forward with clarity and confidence. Inside you’ll find: Straightforward frameworks to help you recognize and manage different types of uncertainty Practical tools and techniques you can use right away to make sound decisions in fast-moving or high-pressure situations Case studies and examples that bring the concepts to life and show how they apply in work, leadership, and daily life Fresh perspectives on failure, bias, and risk, helping you not only avoid common pitfalls but turn setbacks into sources of insight If you’ve ever hesitated at a crossroads, second-guessed a big decision, or wished for more clarity in a world that rarely offers it, this book is for you. The Art of Making Decisions Under Uncertainty is your companion in making better choices when certainty is out of reach but a good decision is still within your grasp.
Handbook Of The Economics Of Risk And Uncertainty
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Author : Mark Machina
language : en
Publisher: Newnes
Release Date : 2013-11-14
Handbook Of The Economics Of Risk And Uncertainty written by Mark Machina and has been published by Newnes this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-14 with Business & Economics categories.
The need to understand the theories and applications of economic and finance risk has been clear to everyone since the financial crisis, and this collection of original essays proffers broad, high-level explanations of risk and uncertainty. The economics of risk and uncertainty is unlike most branches of economics in spanning from the individual decision-maker to the market (and indeed, social decisions), and ranging from purely theoretical analysis through individual experimentation, empirical analysis, and applied and policy decisions. It also has close and sometimes conflicting relationships with theoretical and applied statistics, and psychology. The aim of this volume is to provide an overview of diverse aspects of this field, ranging from classical and foundational work through current developments. - Presents coherent summaries of risk and uncertainty that inform major areas in economics and finance - Divides coverage between theoretical, empirical, and experimental findings - Makes the economics of risk and uncertainty accessible to scholars in fields outside economics
Decision Making Under Uncertainty
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Author : Enrique Crousillat
language : en
Publisher:
Release Date : 1991
Decision Making Under Uncertainty written by Enrique Crousillat and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Energy consumption categories.
Economic And Financial Decisions Under Risk
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Author : Louis Eeckhoudt
language : en
Publisher: Princeton University Press
Release Date : 2011-10-30
Economic And Financial Decisions Under Risk written by Louis Eeckhoudt and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-10-30 with Business & Economics categories.
An understanding of risk and how to deal with it is an essential part of modern economics. Whether liability litigation for pharmaceutical firms or an individual's having insufficient wealth to retire, risk is something that can be recognized, quantified, analyzed, treated--and incorporated into our decision-making processes. This book represents a concise summary of basic multiperiod decision-making under risk. Its detailed coverage of a broad range of topics is ideally suited for use in advanced undergraduate and introductory graduate courses either as a self-contained text, or the introductory chapters combined with a selection of later chapters can represent core reading in courses on macroeconomics, insurance, portfolio choice, or asset pricing. The authors start with the fundamentals of risk measurement and risk aversion. They then apply these concepts to insurance decisions and portfolio choice in a one-period model. After examining these decisions in their one-period setting, they devote most of the book to a multiperiod context, which adds the long-term perspective most risk management analyses require. Each chapter concludes with a discussion of the relevant literature and a set of problems. The book presents a thoroughly accessible introduction to risk, bridging the gap between the traditionally separate economics and finance literatures.
Strategic Investment
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Author : Han T. J. Smit
language : en
Publisher: Princeton University Press
Release Date : 2012-01-12
Strategic Investment written by Han T. J. Smit and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-12 with Business & Economics categories.
Corporate finance and corporate strategy have long been seen as different sides of the same coin. Though both focus on the same broad problem, investment decision-making, the gap between the two sides--and between theory and practice--remains embarrassingly large. This book synthesizes cutting-edge developments in corporate finance and related fields--in particular, real options and game theory--to help bridge this gap. In clear, straightforward exposition and through numerous examples and applications from various industries, Han Smit and Lenos Trigeorgis set forth an extended valuation framework for competitive strategies. The book follows a problem-solving approach that synthesizes ideas from game theory, real options, and strategy. Thinking in terms of options-games can help managers address questions such as: When is it best to invest early to preempt competitive entry, and when to wait? Should a firm compete in R&D or adopt an accommodating stance? How does one value growth options or infrastructure investments? The authors provide a wide range of valuation examples, such as acquisition strategies, R&D investment in high-tech sectors, joint research ventures, product introductions in consumer electronics, infrastructure, and oil exploration investment. Representing a major step beyond standard real options or strategy analysis, and extending the power of real options and strategic thinking in a rigorous fashion, Strategic Investment will be an indispensable guide and resource for corporate managers, MBA students, and academics alike.