REAL OPTIONS AND INVESTMENT UNDER UNCERTAINTY：WHAT DO WE KNOW？

1. INTRODUCTION........................ 1
2. OVERVIEW OF COMMON REAL OPTIONS: A COMPREHENSIVE EXAMPLE ... 2
3. SIMPLIFYING REAL-LIFE PROBLEMS.......................................... 9
4. MAIN IMPLICATIONS: WHAT WE KNOW ABOUT REAL OPTIONS AND INVESTMENT UNDER UNCERTAINTY .... 10
5. FUTURE RESEARCH FOCUS: WHAT WE STILL DON'T KNOW........... 17