A Builder in Miami Started Constructing Homes During the "Hot

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.