A related field: https://en.wikipedia.org/wiki/Real_options_valuation https://en.wikipedia.org/wiki/Real_options_valuation > This simple example shows how the

A related field: https://en.wikipedia.org/wiki/Real_options_valuation https://en.wikipedia.org/wiki/Real_options_valuation > This simple example shows how the net present value may lead the firm to take unnecessary risk, which could be prevented by real options valuation. Even with a monte carlo on NPV, you may still make a more risky decision than needed; as decisions are rarely just "do or dont" but can be sequenced pending more information.