The value of the option to `wait and see'

DOI10.1016/0165-1765(91)90180-SzbMath0729.90005OpenAlexW2051182298MaRDI QIDQ806651

Morgan Kelly

Publication date: 1991

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1765(91)90180-s

zbMATH Keywords

learningaccuracy of present value estimateseffects of uncertainty

Mathematics Subject Classification ID

Economic growth models (91B62) Stopping times; optimal stopping problems; gambling theory (60G40)

Cites Work

• Stochastic differential equations. An introduction with applications
• Funding Criteria for Research, Development, and Exploration Projects
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