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Title: A must for those interested in real-option theory/practice
Review: This is a solid book that provides background as well as insight into how to use and finanically benefit from applying a real-options approach. The authors have done a nice job in furthering real-option research in blending the academic with the practicality of implementation.An unexpected benefit of the book was discovering that Professor Kulatilaka has also established a useful website, appropriately titled real-options.com. In addition to the book, todate, this is the most comprehensive website on the subject.
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