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Concave
(redirected from concaved)

    Also found in: Dictionary/thesaurus, Medical, Wikipedia, Hutchinson 0.13 sec.
Concave
Property that a curve is below a straight line connecting two end points. If the curve falls above the straight line, it is called convex.
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Being aware of limitations of CV as the decision rule (that it ignores the fact that the indifference curve of a rational investor is concaved and not a sloping line), we plotted the maximum and minimum NPV on a graph and observed the downside risk for all alternatives.
Shareholders value maximization: abandonment value, economic life of ... by Patel, Bhavesh / Journal of Academy of Business and Economics
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