The Characteristics of a Sequential Decision (notice n° 206455)
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| fixed length control field | 01281cam a2200169 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250112052432.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Richard, Alban |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | The Characteristics of a Sequential Decision |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2001.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 49 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | The analysis of flexibility is based upon sequential models with growing information. The initial decision of a sequential model has consequences larger than those envisaged in the traditional “theory of decision”. To enrich it we study consequences of a decision and introduce the distinction between exogenous and endogenous environment, before analyzing the dynamic flexibility in both cases. In complex contexts, we will prove that we cannot give an option value to the flexibility and that the concept becomes itself ambiguous. It confirms the necessity to arbitrage between the different characteristics of the decision. These analysis complements will be illustrated on an example: the choice of an investment with a country risk. Classification JEL: D81, D 83, D 21 |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Trommetter, Michel |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue économique | 52 | 3 | 2001-05-01 | p. 739-752 | 0035-2764 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-revue-economique-2001-3-page-739?lang=en">https://shs.cairn.info/journal-revue-economique-2001-3-page-739?lang=en</a> |
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