Jeon, Yongil (contributor); Kim, Taekwon (contributor); … - 2004
,
they do not explicitly specify the real option model to determine that value (price).
3
Prior studies (Bell and Campa …” over some follow-up period. On the other hand, the event is referred to as “failure”, because the kind of
event of …(t|T
i-1
….., T
0
) equals the conditional risk of an event (execution) at time t. It
gives the instantaneous expected rate …