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Sequential Binary Investment Decisions
Werner Jammernegg
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Description for Sequential Binary Investment Decisions
Paperback. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 162 pages, biography. BIC Classification: KFF; KJT. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 244 x 170 x 9. Weight in Grams: 301.
This book describes some models from the theory of investment which are mainly characterized by three features. Firstly, the decision-maker acts in a dynamic environment. Secondly, the distributions of the random variables are only incompletely known at the beginning of the planning process. This is termed as decision-making under conditions of uncer tainty. Thirdly, in large parts of the work we restrict the analysis to binary decision models. In a binary model, the decision-maker must choose one of two actions. For example, one decision means to undertake the invest ·ment project in a planning period, whereas the other decision prescribes ... Read more
This book describes some models from the theory of investment which are mainly characterized by three features. Firstly, the decision-maker acts in a dynamic environment. Secondly, the distributions of the random variables are only incompletely known at the beginning of the planning process. This is termed as decision-making under conditions of uncer tainty. Thirdly, in large parts of the work we restrict the analysis to binary decision models. In a binary model, the decision-maker must choose one of two actions. For example, one decision means to undertake the invest ·ment project in a planning period, whereas the other decision prescribes ... Read more
Product Details
Format
Paperback
Publication date
1988
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
162
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
156
Place of Publication
Berlin, Germany
ISBN
9783540500346
SKU
V9783540500346
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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