Customer Reviews

Real Options and Option-Embedded Securities

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This book was thorough and comprehensive in its discussion of real options while remaining understandable. The real world examples, stories, and graphs helped increase my comprehension. I was most impressed by the author's detailed explanations of how options can be strategically used in corporate risk management. The chapters on valuation, modern option pricing, and capital investment decisions were excellent as well. Hands down the best book on real options that I have read.

I have read several real options books, and this is by far the worst. I would suggest reading Tom Copeland's book if you want a more applied discussion or Lenos Trigeorgis if you want a more theoretical discusison. In fact, Moore (the author) doesn't even really get to real options until ten or so chapters into the book. Theere is too much preliminary stuff that talks about derivatives and financial option strategies, which one does not expect from a real options book. I basically just flipped through the pages and read the interesting paragraphs. I was done in a half hour. Most of the other stuff I already knew from reading other derivatives texts