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May 1, 1966The Quarterly Journal of Economics

Investment Decision under Uncertainty: Applications of the State-Preference Approach

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JHJack HirshleiferRAND Corporation

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Jack Hirshleifer (1966) studied this question.

synapsesocial.com/papers/6a1f15544d2ebb160c729449 https://doi.org/10.2307/1880692

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