Investment under Uncertainty: Testing the Options Model with Professional Traders
---- Acknowledgements ----
Thanks to the editor and two anonymous reviewers for insightful remarks that improved the study. Thanks to John Di Clemente, former Managing Director of Research at the Chicago Board of Trade, for authorizing this study. Also special thanks to CBOT staff Dorothy Ackerman Anderson, Frederick Sturm, and Keith Schaap for their incredible support on site. Jonathan Alevy. Liesl Koch, and Michael Price provided excellent research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.