About the author

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is a Professor in the Department of Accounting and Finance and Associate Dean for Postgraduate Studies at LUMS. His research interests are in corporate finance, energy derivatives, real options and option rate of return.

About the author

Kim Kaivanto

Dr Kim Kaivanto is a Lecturer in Economics at Lancaster University Management School. His research issues from a core interest in theoretical and descriptive models of decision making and behaviour under risk and uncertainty.

Kim is Director of the MSc in Money, Banking & Finance

This article was first published in The Conversation. Read the original article.