Investment Under Uncertainty

"Avinash Dixit and Robert Pindyck have successfully applied to capital budgeting the ideas and techniques of option pricing that have so enriched our understanding of financial markets."-Merton H. Miller, Nobel Laureate in Economics "[The authors'] approach has powerful implications for investors in marketable assets as well. No investment professional or CFO can afford to ignore this brilliant new book."-Peter L. Bernstein, author of Capital Ideas: The Improbable Origins of Modern Wall Street