Individual vs. Aggregate Decision Making – Diversification Discount
This paper studies via experimental setting whether diversification discount exists and what factors affect the magnitude of the discount. The results suggest that experience before decision increases the likelihood of exercising the real option of conglomerates. People are also more likely to conve...
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| Format: | Others |
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Scholarship @ Claremont
2012
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| Online Access: | http://scholarship.claremont.edu/cmc_theses/477 http://scholarship.claremont.edu/cgi/viewcontent.cgi?article=1486&context=cmc_theses |