Investment under Uncertainty: Testing the Options Model with Professional Traders
收藏NBER2010-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w16038
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资源简介：
An important class of investment decisions is characterized by unrecoverable sunk costs, resolution of uncertainty through time, and the ability to invest in the future as an alternative to investing today. The options model provides guidance in such settings, including an investment decision rule
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美国国家经济研究局创建时间：
2010-05-01
