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期权理论不仅是金融领域中一种有效的避险和投资获利工具,而且对其他领域也产生了重要影晌。期权是以事先确定的价格,允许投资人在未来一段时间内买入或卖出某项资产的权利(而不是义务)。简单地说,期权是在收到新信息之后,再来采取行动的权利,这是处理不确定性的最好办法。因此,那些不在金融市场上进行交易的投资机会也可以利用期权理论进行决策。本文在分析不确定条件下项目投资特征的基础上,阐述了传统投资理论的缺陷,并对如何根据项目投资的期权特征,运用金融期权的理念和技术投资进行初探。
The option theory is not only an effective safe-haven and investment profit-making tool in the financial field, but also has an important influence on other fields. Options are the right, not the obligation, to allow an investor to buy or sell an asset at a predetermined price at some point in the future. Put simply, an option is the right to take action once new information is received, which is the best way to deal with uncertainty. As a result, investment opportunities that are not traded in financial markets can also take advantage of the theory of options. Based on the analysis of project investment characteristics under uncertain conditions, this paper expounds the defects of traditional investment theory and probes into how to apply the concept of financial options and technology investment based on the characteristics of the options of the project investment.