Mendeley
TY  _  JOUR
ID  -  139412082217321232
TI  -  Consideration of Strategic Investments with Option Games under Incomplete Information
JO  -  Modiriat-e- farda
JA  -  ES
LA  -  fa
SN  -  2228-6047
AU  -  آراسته عبدالله  
AD  -  
Y1  -  2015
PY  -  2015
VL  -  42
IS  -  
SP  -  1
EP  -  10
KW  -   Investment analysis
Option games
Incomplete information
 Asymmetric information
 Least Squares Monte Carlo.
DO  -  
N2  -  In focused  تحقیق و توسعه  markets, research projects are directed furtively, and contenders know almost no about the advancement of opponents. How a firm decides to apply its working choices passes on data to market members, among these its rivals. The real options exercise technique is an essential data transmission component. Pariahs find out about the absence of activity by contenders and can fuse it into their guesses about the rivals' sort. This endeavor to gain from contenders’ activities will specifically influence the harmony exercise methodologies. In this paper we expand a model to consider finite horizon real option games under incomplete information with various parameters. In incomplete information games firms’ actions express significant information about profitability to contestants. The encapsulation of this information proposed original blocks in models with strategic interactions. This is because of circularity where best exercise decisions are based on previous decisions taken, which at a given time are quiet to be mentioned because about the dynamic programming principle. We expand an extended version of the Least Squares Monte Carlo algorithm to confront these results. The model can aid in understanding the relation between strategic optionality and information besides how this influences the best decision policy and its value results. We find the informational feature is of great significance for firms’ best decision policy and optimization of project values
UR  - rimag.ir/en/Article/24394
L1  - rimag.ir/en/Article/Download/24394
ER  -  
