Talk:Option value (cost–benefit analysis)

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title, distinction

This entry makes it sound like a complicated concept with distinct uses in finance and welfare economics. It is not. It means the present value coming from being able to make a choice later. See this classic example/joke, where it is clear that the idea is a generic part of economics: http://www.princeton.edu/~dixitak/home/Elaine-Final-Web.pdf It's about on par with "discounting," which gets by with one Wikipedia article instead of the two used here.

Also, I do not understand why the "(cost benefit analysis)" bit is put into the title if there is no proper (unqualified) entry for "option value". But that may simply come from my lack of familiarity with Wikipedia norms. Franknarf11 (talk) 21:25, 6 February 2014 (UTC)[reply]