Archive for June, 2009
Real Options and Fatal Flaws
Friday, June 12, 2009 10:45 Comments OffIn the R&D world, when a new idea is proposed, it is standard practice to look for the fatal flaw. A fatal flaw is a condition that is certain to preclude, or that has a high likelihood of precluding, exercise of the option. Its existence in effect negates ownership of the option. That flaw can [...]