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
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.