Customer Reviews

Real Options, Revised Edition: A Practitioner's Guide

5 star:		(5)
4 star:		(2)
3 star:		(1)
2 star:		(1)
1 star:		(0)

 

 

I'm feeling very frustrated with this book, and here's why. The text contains sample questions, and directs to a website for the solutions. The website requires registration in order to access the material. After filling out the necessary details, I received an email from the publisher stating that I did not qualify as I am not a lecturer. I pointed out that the text claims to be a practitioners guide, not a lecturers guide. After numerour emails back and forth I've given up - I'll return it instead.

Most curiously I was never offered to purchase the material, so I can't even feel conned - just pissed-off.

Is a good book, however, be aware that you need a very good foundation in finance and valuation. Do not pretend to learn ROA with gaps doing a simple NPV excersice. THE BAD its really a shame been a Practitioner's guide not found the end chapter solutions to the problems, even giving you a supposed internet address to obtain it. The address does not exists.

I use this book as a required book in a course on my graduate study. It is hard to understand and writen like a novel. However, it is very up-to-date. Readers should have a bit strong background on options, finance and investment.

This book is excellent to study real options. It deals with the three parts that form the fundamentals. Illustrated with examples. It is recommended. I have not found a better book yet. Gives a complete and in depth picture. This is a book that will be opened again to be read again.
Only flaw is that the link to the website is no longer actual and solutions to the questions not available.

The book satisfies someone who is interested in alternative concepts on how whether widely accepted view of calculating the estimate of future project or ROA gives more precise estimation.

Good graphs, easy to read but good to know simple concepts like SML and CAPM model before reading the book

I would rate this 5 stars from a practitioner's perspective, which is the intended audience. But, in terms of actual coverage of real options, Trigeorgis is better. However, Copeland and Antikarov do a great job with this book in introducing real options. There are sufficient examples and you get a good understanding of the topic off the bat. Copeland is a very good author, and he is one of my favorites. It's a good thing that there is a revised edition already, because the first one just had many typos.

Copeland and Antikarov, demonstrate in excellent form that NPV is flawed and tends to undervalue the investment opportunities. NPV is a static calculations that fails in the consideration of the many opportunities that management has over the lifetime of a project. Unfortunately the intent of the authors of offering solutions to the questions posed at the end of each chapter as well as real options models, flaw since www.etexere.com/realoptions doesn't exist.

This book is a little confusing but if you have a background in finance, it is very helpful. It is also a valuable book for anyone, especially with the way the market is.

I regret not requiring this text for my students this semester. While there are a few typo's, that is not the point, as the problems are all easy to work out and solve.

A very, very good book. If you are teaching a senior level course that uses even just a few weeks of real options (like my engineering economy course) use this book! You can cover the whole book in 10 or 12 lectures. The end of chapter problems (while a trifle scant) are well done!