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Investment Tournaments: When Should a Rational Agent Put All Eggs in One Basket?

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NBER2009-07-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w15136
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资源简介:
In this paper we study "investment tournaments," a class of decision problems that involve gradual allocation of investment among several alternatives whose values are subject to exogenous shocks. The decision-maker's payoff is determined by the final values of the alternatives. An important example
提供机构:
美国国家经济研究局
创建时间:
2009-07-01
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