search query: @author Hubbard, G. / total: 9
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| Author: | Hubbard, G. |
| Title: | Investment under uncertainty: keeping one's options open |
| Journal: | Journal of Economic Literature
1994 : DEC, VOL. 32:4, p. 1816-1831 |
| Index terms: | INVESTMENT OPTIONS THEORIES |
| Language: | eng |
| Abstract: | Considerable intellectual attention has been focused on models of derivative financial instruments, including options. The theoretical intuition embodied in early option pricing models has been applied to other financial decisions by individuals and business as well. Despite these applications, options as financial instruments are not central to the lives of most of us. However, a wide variety of options is: We all face significant choices about whether we should spend our resources today or wait, thereby "keeping our options open." |
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