Integrating Probability and Possibility Theory: A Novel Approach to Valuing Real Options in Uncertain Environments
The article presents a new method for evaluating investment projects in uncertain conditions, assuming that uncertainty may have two origins: aleatory (related to randomness) and epistemic (due to incomplete knowledge). Epistemic uncertainty is rarely considered in investment analysis, which can res...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2025-06-01
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| Series: | Applied Sciences |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2076-3417/15/13/7143 |
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