Real Options and Option Embedded Securities

This book was thorough and comprehensive in its discussion of real options while remaining understandable. The real world examples, stories, and graphs helped increase my comprehension. I was most impressed by the author's detailed explanations of how options can be strategically used in corporate risk management. The chapters on valuation, modern option pricing, and capital investment decisions were excellent as well. Hands down the best book on real options that I have read.