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	<title>Strategy @ Risk &#187; Decision tree</title>
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		<title>Selecting Strategy</title>
		<link>http://www.strategy-at-risk.com/2009/07/22/selecting-strategy/</link>
		<comments>http://www.strategy-at-risk.com/2009/07/22/selecting-strategy/#comments</comments>
		<pubDate>Wed, 22 Jul 2009 09:55:02 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Corporate Strategy]]></category>
		<category><![CDATA[Decision making]]></category>
		<category><![CDATA[Modelling]]></category>
		<category><![CDATA[Strategic choices]]></category>
		<category><![CDATA[Uncertainty]]></category>
		<category><![CDATA[Decision theory]]></category>
		<category><![CDATA[Decision tree]]></category>
		<category><![CDATA[Dominance]]></category>
		<category><![CDATA[ERM]]></category>
		<category><![CDATA[FRM]]></category>
		<category><![CDATA[Lower partial moment]]></category>
		<category><![CDATA[Real options]]></category>
		<category><![CDATA[Risk avers]]></category>
		<category><![CDATA[Risk-seeking]]></category>
		<category><![CDATA[Ruin aversion]]></category>
		<category><![CDATA[Stochastic dominance]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[Upside potential ratio]]></category>
		<category><![CDATA[Utility]]></category>

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		<description><![CDATA[When there is no uncertainty the maximum return criterion can be used to rank strategies. With uncertainty we have to look for the strategy that maximizes the firms expected utility.]]></description>
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		<title>Real options</title>
		<link>http://www.strategy-at-risk.com/2008/02/16/real-options/</link>
		<comments>http://www.strategy-at-risk.com/2008/02/16/real-options/#comments</comments>
		<pubDate>Fri, 15 Feb 2008 23:44:07 +0000</pubDate>
		<dc:creator>S@R</dc:creator>
				<category><![CDATA[Corporate risk analysis]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[Operations]]></category>
		<category><![CDATA[Decision tree]]></category>
		<category><![CDATA[ERM]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Mining]]></category>
		<category><![CDATA[Real options]]></category>
		<category><![CDATA[Selecting strategy]]></category>

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		<description><![CDATA[In real life both for investment decisions and in valuation of companies there are managerial flexibility in the sense that at future points of time there is flexibility in choosing among alternatives.]]></description>
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