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A Time-State-Preference Model of Security Valuation**

Published online by Cambridge University Press:  19 October 2009

Stewart C. Myers
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Extract

Determining the market values of streams of future returns is a task common to many sorts of economic analysis. The literature on this subject is extensive at all levels of abstraction. However, most work has not taken uncertainty into account in a meaningful way.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 3 , Issue 1 , March 1968 , pp. 1 - 33
Copyright
Copyright © School of Business Administration, University of Washington 1968

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