Title: Difficult, but worth thorough study.
Product review: This book covers a topic, based on options valuation, that should begin to have a huge impact on how companies can manage to succeed when they must function in a world where strategies must be made in the face of large risks, with large potential payoffs and losses at stake. I was challenged and rewarded many times.My only concern is that, as academics, the authors leave much to the reader to adapt knowledge from their examples into more pragmatic contexts. But as far as I know, there are no books in this area yet that provide a more simplified, rule-of-thumb type approach to using options in analyzing the value of business opportunities.
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