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The Relevance of MCDM for Financial Decisions

Jaap Spronk () and Winfried Hallerbach ()

No ERS-2002-69-F&A, ERIM Report Series Research in Management from Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam

Abstract: For people working in finance, either in academia or in practice or in both, the combination of ?finance? and ?multiple criteria? is not obvious. However, we believe that many of the tools developed in the field of MCDM can contribute both to the quality of the financial economic decision making process and to the quality of the resulting decisions. In this paper we answer the question why financial decision problems should be considered as multiple criteria decision problems and should be treated accordingly.

Keywords: decision analysis; decision making; finance; financial decisions; multiple criteria (search for similar items in EconPapers)
JEL-codes: C44 G3 G39 M (search for similar items in EconPapers)
Date: 2002-09-09
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Citations: View citations in EconPapers (11) Track citations by RSS feed

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