Enterprise Investment Timing Based on Options Game Theory

The standard options game model appropriately deals with uncertainty and competitive factors and the relationship between them. In order to match with reality, based on the standard options game model, an extended options game model is established. To consider in the stage of sequential equilibrium there are n competitors, all of whom are able to find their own optimal investment points, assuming that these enterprises pay for different sunk costs, an asymmetric multi-oligopoly options game model is given. All the investment income functions of enterprises are shown, on this basis to solve these enterprises´ optimal investment thresholds and moments. Finally, by a numerical analysis, practicality of the extended options game model in the real world is conformed.