Haim Levy

This book is devoted to investment decision-making under uncertainty. The book covers three basic approaches to this process: a. The stochastic dominance approach; b. the mean-variance approach; and c. the non-expected utility approach,

Offering a unique blend of theory and practice, Capital Investment and Financial Decisions describes the practical application of the modern theory of finance to realistic corporate decisions, made in uncertain environments, with particular reference to the allocation of the firm's long-term capital resources. In the fifth edition: A new chapter on short-term working capital management; real-...