...Ľuboš Pástor; Pietro Veronesi Cremers and Yan (2016) aim to provide “an additional litmus test for the uncertainty-convexity argument in Pástor and Veronesi (2003) .” We challenge this view, as well as the authors’ related thoughts on the technology “bubble” of the late 1990s. Nonetheless, we...

... 2016 M. Cremers and H. Yan 2016 M. Cremers and H. Yan Licensed re-use rights only Uncertainty convexity valuation technology bubble G12 Much progress has been made recently in exploring the idea that investors face uncertainty about parameter values in their model...