3 ms·
Lol, I would wager that shareholder value maximization is far from "optimal"! In the face of poor human judgement it might be one of the more robust resource a
by jopsen 8y ago
Lol, I would wager that shareholder value maximization is far from "optimal"!
In the face of poor human judgement it might be one of the more robust resource allocation schemes available to us. But optimality should never be claimed without proof.