Rating: 
Summary: A book for Rocket Scientists!
Review: The book sets well explaining in simple words the concept of investment and uncertainty but nothing points to what follows which is 300 pages of differential equations and complicated mathematical formulae. For people interested to improve their calculus to an advanced level this is the right book!!!!!
Rating: 
Summary: Difficult, but worth thorough study.
Review: This book covers a topic, based on options valuation, that should begin to have a huge impact on how companies can manage to succeed when they must function in a world where strategies must be made in the face of large risks, with large potential payoffs and losses at stake. I was challenged and rewarded many times. My only concern is that, as academics, the authors leave much to the reader to adapt knowledge from their examples into more pragmatic contexts. But as far as I know, there are no books in this area yet that provide a more simplified, rule-of-thumb type approach to using options in analyzing the value of business opportunities.
Rating: 
Summary: Solid, Academic, Erudite.
Review: This is not a text for lightweights. Investment Under Uncertainty is a solid economic text, covering all essentials of optimization. This text is useful in an upper-level college course.
Rating: 
Summary: Greatly Overrated Academic Book on Real Options
Review: This is probably the most useless book on real options which I own. The book is extremely difficult to follow and uses academic mathematical notation which is difficult for practitioners to follow. In addition, the authors have largely ignored both the underlying business operations which create real options and the existing operations literature on project management, operations research, petroleum engineering, manufacturing systems engineering, etc. which provide many of the tools necessary for practical evaluation of real options. The bottom line is don't waste your money on this book.
Rating:
Summary: dealing with uncertainty
Review: When searching for a framework for my PhD, I encountered Dixit's 1991 exposition on investmetn under uncertainty, in Journal of Economic Perspective. I was immeadiately hooked on option theory and its applications. Both authors of this splendid book are authorities in this field. The book is ideal for advanced MBA students with some mathamatics background. It is also suitable for PhD students in economics and finance. However students with math or engineering backgrounds may also benefit from reading this book. As this book has repeatedly demonstrate, investmet in a uncertain world involves exercising an option. I mat asure the readers and buyers alike, investing in this book will yield high returns for your time and money.
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