An Innovative Thinking on the Concepts of Ex-Ante Value, Ex-Post Value and the Realized Value (Price)
DOI:
https://doi.org/10.24212/2179-3565.2015v6i1p48-57Palavras-chave:
ex-post, ex-ante, realized value, expected valueResumo
Researchers have been considering the realized value as the ex-post realization of theex-ante value. They have argued that that the realized values have failed to estimate the expectedvalue in asset-pricing models. We provide a new definition of the ex-post measurement and weshow that considering realized value as the ex-post realization of the ex-ante value is misleadingand this has led to the failure in estimating the expected value.Downloads
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Esta obra está licenciada sob uma licença Creative Commons Atribuição - No comercial - Sin derivaciones 4.0 Internacional
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This journal is licensed under a Creative Commons Attribution-Non Commercial-No Derivers 4.0 International license.
1. The author (s) authorize the publication of the article in the journal;
2. The author (s) warrant that the contribution is original and unpublished and is not in the process of being evaluated in other journal (s);
3. The journal is not responsible for the opinions, ideas and concepts emitted in the texts, as they are the sole responsibility of its author (s);
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