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Behavioral Bias in real options- There is some anecdotal evidence that option to abandon does not have as much value as theory predicts, because managers
Behavioral Bias in real options- There is some anecdotal evidence that option to abandon does not have as much value as theory predicts, because managers tend to get attached to a project and abandon it later than they should. Can you think of other examples, when behavioral bias affects the value of real options? How would you suggest to adjust the theoretically predicted value?
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