Berg, Tobias; Mölls, Sascha H.; Willershausen, Timo - 2009
The purpose of this paper is to analyze the influence of uncertainty on the value of real options while allowing for a … uncertainty does not hold, if the value of the underlying asset changes due to a Variation of the Standard deviation. Only if the … uncertainty can be retained. In all other cases, the influence becomes ambiguous. In addition, we discuss the consequences of our …