Knowledge Theory and Investment: Enhanced Investment Decision Based on the properties of Point X

Khumalo, Bhekuzulu (2007): Knowledge Theory and Investment: Enhanced Investment Decision Based on the properties of Point X.

Abstract

Knowledge is the most important commodity and resource human beings can have. Having these qualities allows knowledge to be at the forefront of economics, as it should be. Knowledge economics demonstrates the power of knowledge theory into investment decision making policy by individuals and institutions. The paper discusses the different research types that take place and the different risks associated with each type of risk been associated with time. Strategy using game theory is used in a dynamic situation because firms are not static. Knowledge is the tool the investor needs to make more clarified decisions

• Item Type: MPRA Paper
• Language: English
• Keywords: Knowledge; research type; research risk; consistency; game theory
• Subjects: G - Financial Economics > G1 - General Financial Markets > G11 - Portfolio Choice ; Investment Decisions; Z - Other Special Topics > Z0 - General; D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D81 - Criteria for Decision-Making under Risk and Uncertainty

References

Khumalo, Bhekuzulu, (2007) “Point X and the Economics of Knowledge”, http://mpra.ub.uni-muenchen.de/3735/01/MPRA_paper_3735.pdf Khumalo, Bhekuzulu,( 2006) “The Fundamental Theory of Knowledge”, http://mpra.ub.uni-muenchen.de/3733/01/MPRA_paper_3733.pdf McCain Roger, (2003) Game Theory: A Non-Technical Introduction to the Analysis of Strategy, South Western Rasmusen, Eric (2001) Games and Information: An Introduction to Game Theory, 3rd ed., Blackwell, Oxford. Salvatore, Dominick; (2004) “Managerial Economics in a Global Economy, , http://www.swlearning.com/economics/salvatore/salvatore5e/ppt/ch10.ppt#1 von Neumann, J. & Morganstern, O (1944) The Theory of Games and Economic Behaviour. Princeton: Princeton University Press.