Acquisition of Project-Specific Assets with Bayesian Updating

DOI10.1287/OPRE.1110.0949zbMath1233.91307arXiv1901.04120OpenAlexW2118057496MaRDI QIDQ2879507

H. Dharma Kwon, Steven A. Lippman

Publication date: 26 March 2012

Published in: Operations Research (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/1901.04120

zbMATH Keywords

diffusionBrownian motionsequential decision analysisBayesian sequential decisioninvestment criteriaproject-specific investmenttime to decision

Mathematics Subject Classification ID

Bayesian problems; characterization of Bayes procedures (62C10) Decision theory (91B06) Applications of Brownian motions and diffusion theory (population genetics, absorption problems, etc.) (60J70) Corporate finance (dividends, real options, etc.) (91G50) Portfolio theory (91G10)

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