Research Article
Incorporating Overconfidence into Real Option Decision-Making Model of Metal Mineral Resources Mining Project
Table 3
Simulation result under different overconfidence coefficient (
).
| Overconfidence coefficient | Trigger value | Option value |
| 0.05 | 4.163 × 1011 | 4.070 × 1011 | 0.10 | 4.378 × 1011 | 4.286 × 1011 | 0.15 | 4.534 × 1011 | 4.442 × 1011 | 0.20 | 4.657 × 1011 | 4.564 × 1011 | 0.25 | 4.757 × 1011 | 4.664 × 1011 | 0.30 | 4.841 × 1011 | 4.748 × 1011 | 0.35 | 4.911 × 1011 | 4.818 × 1011 | 0.40 | 4.973 × 1011 | 4.880 × 1011 | 0.45 | 5.026 × 1011 | 4.933 × 1011 | 0.50 | 5.073 × 1011 | 4.980 × 1011 | 0.55 | 5.115 × 1011 | 5.022 × 1011 | 0.60 | 5.152 × 1011 | 5.059 × 1011 | 0.65 | 5.186 × 1011 | 5.093 × 1011 | 0.70 | 5.216 × 1011 | 5.123 × 1011 | 0.75 | 5.244 × 1011 | 5.151 × 1011 | 0.80 | 5.270 × 1011 | 5.176 × 1011 | 0.85 | 5.292 × 1011 | 5.199 × 1011 | 0.90 | 5.313 × 1011 | 5.220 × 1011 | 0.95 | 5.333 × 1011 | 5.240 × 1011 | 1.00 | 5.351 × 1011 | 5.258 × 1011 |
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