An Innovative Thinking on the Concepts of Ex-Ante Value, Ex-Post Value and the Realized Value (Price)
DOI:
https://doi.org/10.24212/2179-3565.2015v6i1p48-57Palabras clave:
ex-post, ex-ante, realized value, expected valueResumen
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.Descargas
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2015-03-30
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