There is a lot of talk about the last responsible moment. So what is the last responsible moment? And perhaps more importantly: how do you calculate the last responsible moment?
The last responsible moment is after which execution of an option is too late. The option no longer exists or you’re not able to execute it [...]

This is the start of the real options blog by Chris Matts and Olav Maassen. This is where we will post anything we think relevant to the field of real options.
We’ll start with three comics Chris drew on the tube to explain several complicated aspects of real options.
Short intro to Real Options
Financial Options (This one [...]