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It is, he insists, a better indicator of a firm's underlying valuation than proven reserves alone.
Fairness opinions, and their underlying valuation analyses, are prone to subjectivity and are frequently prepared utilizing methodologies that simply do not jibe with best practices.
The goal is to design an auction such that, whatever the underlying valuation distribution, its expected revenue is almost as large as that of an optimal auction tailored for that distribution.
The precise amount of cash that will change hands is not clear, but GE says its underlying valuation of Alstom's energy assets, €12.4 billion ($17 billion), remains unchanged.It is not so long ago that Mr Montebourg was a determined cheerleader for Siemens.
We also do not know how approach and avoidance might interact to produce lawful patterns underlying valuation as observed with prospect theory [7], [12] or other theories such as the matching law [39] [41].
GE is offering various joint ventures while explicitly protecting the state's interest in nuclear matters; it says it has not altered its underlying valuation of Alstom's energy activities.
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In such cases emotions and their underlying valuations often function as reasons for action (Charland 1998b).
(Supervaluations are supposed to be non-bivalent, in verifying those formulas verified by all the underlying valuations and falsifying those formulas false on all the underlying valuations, with those in neither category being neither true nor false on the supervaluation.
The underlying valuations never justified the NASDAQ at 5,000 and despite all the relentless hype by the big brokerage firms, the bubble inevitably deflated.
Different cultural views on social relations are assumed to give rise to different degrees of support for alternative decision-making procedures and for the underlying valuations elicited via the social discourse process (ORiordan and Ward, 1997; Brouwer et al., 1999).
Moreover, the underlying economic valuation mechanism reveals to sensitive to respondent's motivational profile, including the overall trust and confidence that fisherman community places on the current institutional bodies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com