56:51duration 56 minutes 51 seconds
CAM Colloquium, 2017-03-17 - Jon M. Conrad:…
CAM Colloquium, 2017-03-17 - Jon M. Conrad: “Real Options for Endangered Species” or “What Does a Theory from Finance & Economics have to do with Wildlife Conservation?”
Abstract: Real option theory is concerned with the timing of investments that are costly to reverse and where future net benefits are uncertain (risky). Ecologists have determined that geometric…