For this reason it is not a good idea to use 1981 prices that tend to overvalue old and obsolete industries and technologies.
In having to accept as wages goods and provisions that were overvalued, workers in effect suffered a real wage cut.
Just as children have been undervalued, pain and suffering have been overvalued.
Investors may individually believe that an asset is overvalued, but continue to buy, because they believe that the market will continue to rise.
In the meantime, successive governments continued the policy of overvaluing the cedi.
On the contrary, if the measure is concave the optimistic decision-maker relatively overvalues the better events.
They also provide evidence that managers grant more options to rank-and-file employees when management believes its stock to be overvalued.
They typically have overvalued currencies accompanied by continuous debt accumulation.
