Research Article
Staged Venture Capital Investment considering Unexpected Major Events
Figure 3
The relationship between the option price
and market uncertainty
(a) or major events uncertainty
(b). Figure
3(a):
= 0.1;
;
= 0.02;
= 1;
= 1;
= 2. Figure
3(b):
= 0.1;
;
;
= 1;
= 1;
= 2.