A Builder in Miami Started Constructing Homes During the "Hot

question 83

Multiple Choice

A builder in Miami started constructing homes during the "hot" real estate market,even though he knew there were a lot of speculators in the market.The market went cold,and the builder was stuck selling for very low prices.The builder demonstrated

• A)bounded optimization.
• B)escalation of commitment.
• C)risk propensity.
• D)strategic maximization.
• E)intuitive rationality.

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