Correct or incorrect application of CAPM? Correct or incorrect decisions with CAPM?
نویسندگان
چکیده
منابع مشابه
Correct or incorrect application of CAPM? Correct or incorrect decisions with CAPM?
This paper focuses on inconsistencies arising from the use of NPV and CAPM for capital budgeting. It shows that (i) CAPM capital budgeting decision-making based on disequilibrium NPV is deductively inferred by the Capital Asset Pricing Model, (ii) the use of the disequilibrium NPV is widespread in finance both as a decision rule and as a valuation tool, (iii) the disequilibrium NPV does not gua...
متن کاملCorrect or incorrect use of inhalers in patients with dyspnea
Introduction: One of the medications used by patients with dyspnea and asthma is sprays whose the way of application is very important. If these medications are not used properly, they will not be effective. The purpose of this study was to investigate the correct or incorrect use of sprays by patients. Material and Method: This double-blind observational analytical study was conducted on patie...
متن کاملOn the probabilities of correct or incorrect majority preference relations
While majority cycles may pose a threat to democratic decision making, actual decisions based inadvertently upon an incorrect majority preference relation may be far more expensive to society. We study majority rule both in a statistical sampling and a Bayesian inference framework. Based on any given paired comparison probabilities or ranking probabilities in a population (i.e., culture) of ref...
متن کاملSocial contagion of correct and incorrect information in memory.
The present study examines how discussion between individuals regarding a shared memory affects their subsequent individual memory reports. In three experiments pairs of participants recalled items from photographs of common household scenes, discussed their recall with each other, and then recalled the items again individually. Results showed that after the discussion. individuals recalled mor...
متن کاملType 2 tasks in the theory of signal detectability: discrimination between correct and incorrect decisions.
It has been known for over 40 years that there are two fundamentally different kinds of detection tasks in the theory of signal detectability. The Type 1 task is to distinguish between events defined independently of the observer; the Type 2 task is to distinguish between one's own correct and incorrect decisions about those Type 1 events. For the Type 1 task, the behavior of the detector can b...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: European Journal of Operational Research
سال: 2009
ISSN: 0377-2217
DOI: 10.1016/j.ejor.2007.09.027