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What Are Some of the Pitfalls of Real Options Analysis

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What are some of the pitfalls of real options analysis (ROA)?

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Definitions:

Popular Votes

The total number of votes or electoral support directly received by a candidate or political party from the general population in an election.

New Mexico Territory

A region that was an organized incorporated territory of the United States before becoming a U.S. state, encompassing parts of the modern-day southwestern United States.

Glorieta Pass

A site in New Mexico where a significant Civil War battle took place in 1862, pivotal in halting the Confederate westward expansion.

Confederacy

The confederation of 11 southern states that seceded from the United States in 1860-1861, leading to the American Civil War.

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