Conventional valuation techniques take little account of theunexpected outcomes and uncertainties of real life. Real optionsare one method of tackling these problems in order to give arealistic view in practice rather than simply in the theoreticalworld. Tom Copeland in his contribution considers the probabilitythat real options will in the future become the standard method ofvaluation and of evaluating the financial viability of ventures.
This book follows past, current and potential future valuationtechniques and discusses current trends in this area in the lightof the ever-increasing desire to assess and manage risk anduncertainty.
Luc Keuleneer
Börsenhandel Finance & Investments Finanz- u. Anlagewesen Trading