We show that the use of certainty equivalent coefficient in capital budgeting decision may be limited.
On Some definitional Problems with the Method of Certainty Equivalents,' The Journal of Finance, Vol. 32, No. 5, (December 1977), pp. 1729-1737.
BAR-YOSEF, SASSON;
1977
Abstract
We show that the use of certainty equivalent coefficient in capital budgeting decision may be limited.
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