Part 1: The real options potential -- Uncertainty creates opportunities -- Option valuation: the Nobel Prize-winning breakthrough -- From Wall Street to main street: options on real assets -- Disciplined strategy -- Part 2: The real options solution process -- The four-step solution process -- Calculating option values -- Adjusting for leakage in value -- Part 3: A portfolio of applications -- Valuing a start-up -- Exploring for oil -- Developing a drug -- investing in infrastructure -- Valuing vacant land -- Buying flexibility -- Combining real and financial flexibility -- Investing to preempt competitors -- Writing a license

1. Options (Finance)
2. Institutional investments