Randy Batsell

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Eliminating Incoherence from Subjective Estimates of Chance by Spiridon Tsavachidis Human expertise is a significant source of information about environments with inherent uncertainty. However, it is well documented that subjective estimates of chance tend to violate the mathematical axioms of probability, that is, they are incoherent. This fact makes the(More)
We provide empirical evidence that a firm's overall visibility with investors, as measured by its product market advertising, has important consequences for the stock market. Specifically we show that firms with greater advertising expenditures, ceteris paribus, have a larger number of both individual and institutional investors, and better liquidity of(More)
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