investment recognizes the option value of waiting for better (but never complete) information. It exploits an analogy with the … theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional … theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and …

latest advances in behavioral finance, real option valuation, and game theory, this unique playbook explains how to express … theory and featuring numerous real-world case studies, Playing at Acquisitions will enhance the ability of CEOs and their …

latest advances in behavioral finance, real option valuation, and game theory, this unique playbook explains how to express … theory and featuring numerous real-world case studies, Playing at Acquisitions will enhance the ability of CEOs and their …

to provide a forecasting competition. We analytically demonstrate the option maturity effect on the sensitivity of the …

I examine the effects of return predictability on option prices for the market portfolio in the presence of stochastic … volatility and/or stochastic interest rates. The analysis is implemented in an equilibrium framework where a consistent option … the mean-reverting and heteroskedastic features of aggregate dividends. It is shown that risk-neutral option pricing model …