Bridge over ocean
6 December 2012 Multimedia

Valuation in the Face of Uncertainty

Categorizing and Responding to Uncertainty

  1. Aswath Damodaran

Aswath Damodaran categorizes investment uncertainty by distinguishing between estimation and economic uncertainty, micro and macro uncertainty, and discrete and continuous uncertainty. He also warns of common pitfalls faced when addressing uncertainty in the valuation process, and provides a number of useful suggestions for a more effective response to uncertainty.

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