An Empirical Test of Heuristics and Biases Affecting Real Option Valuation
This study applies insights from behavioral decision theory to explain how managers value call and put options. Behavioral decision theory points to important deviations from the assumptions of normative option pricing models in finance. We used a questionnaire to collect option pricing data to test...
| Veröffentlicht in: | Strategic Management Journal. - John Wiley & Sons. - 25(2004), 3, Seite 269-284 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
2004
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| Zugriff auf das übergeordnete Werk: | Strategic Management Journal |
| Schlagworte: | real options behavioral decision theory risk preferences discount rates prospect theory Law Business Economics Applied sciences Mathematics |
| Online verfügbar |
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