often only has an approximate idea of the true probabilistic model underlying variables, making model ambiguity a relevant … problem. We show empirically how model ambiguity affects project values, and importantly, how option values change as model … ambiguity gets resolved in later phases of the projects considered. We show that traditional valuation approaches will …

often only has an approximate idea of the true probabilistic model underlying variables, making model ambiguity a relevant … problem. We show empirically how model ambiguity affects project values, and importantly, how option values change as model … ambiguity gets resolved in later phases of the projects considered. We show that traditional valuation approaches will …

often only has an approximate idea of the true probabilistic model underlying variables, making model ambiguity a relevant … problem. We show empirically how model ambiguity affects project values, and importantly, how option values change as model … ambiguity gets resolved in later phases of the projects considered. We show that traditional valuation approaches will …

bounded \cd processes, we show that this framework provides a systematic approach to the both issues of model ambiguity, and …