Investment under Uncertainty

”[The authors’] approach has powerful implications for investors in marketable assets as well. No investment professional or CFO can afford to ignore this brilliant new book.”—Peter L. Bernstein, author of Capital Ideas: The Improbable Origins of Modern Wall Street“Avinash Dixit and Robert Pindyck have successfully applied to capital budgeting the ideas and techniques of option pricing that have so enriched our understanding of financial markets.”—Merton H. Miller, Nobel Laureate in Economics

Avinash K. Dixit is John J. F. Sherrerd ‘52 University Professor of Economics at Princeton University. His most recent book is Thinking Strategically, with Barry Nalebuff (Norton). Robert S. Pindyck is Mitsubishi Bank Professor of Economics at the Sloan School of Management, MIT. His books include Econometric Models and Economic Forecasts, with Daniel L. Rubinfeld (McGraw-Hill).