Perhaps at some point in your life you have taken each of the
actions a-e that follow. In doing so, you exhibited “options
thinking,”. For each, explain how the option value arises.
Additional questions you might consider: What constitutes the
option cost, the exercise window, the trigger strategy? How could
you estimate the value it gives you?
Double- booking: you make a partially refundable airplane
reservation and a refundable train reservation for the same trip
because you are concerned about...