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Concave |
Also found in: Dictionary/thesaurus, Medical, Wikipedia, Hutchinson | 0.13 sec. |
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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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? Mentioned in | ? References in periodicals archive | |
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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. |
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