An Innovative Thinking on the Concepts of Ex-Ante Value, Ex-Post Value and the Realized Value (Price)

Authors

  • Mohammad Ali Tareq

DOI:

https://doi.org/10.24212/2179-3565.2015v6i1p48-57

Keywords:

ex-post, ex-ante, realized value, expected value

Abstract

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.

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Published

2015-03-30

Issue

Vol. 6 No. 1 (2015)

Section

Papers

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