Term
option
James's word for a choice between two hypotheses. He divides options into live and dead, forced and avoidable, important and trivial.
The Will to Believe, William James
Explained in
- The Will to Believe, William James
- Hedge Fund Market Wizards: How Winning Traders Win, Jack D. Schwager
A contract giving the right, but not the obligation, to buy or sell an asset at an agreed price before a specified date. A call option gives the right to buy.
- When Genius Failed: The Rise and Fall of Long-Term Capital Management, Roger Lowenstein
A contract that gives the right, but not the obligation, to buy or sell an asset at a price agreed in advance at some point in the future.
- Antifragile: Things That Gain from Disorder, Nassim Nicholas Taleb
A right, but not an obligation, to make a deal in the future on terms agreed in advance.
- The Art of the Deal, Donald Trump, Tony Schwartz
A contract that gives you the right to buy something later on terms agreed in advance, without obliging you to buy.