Multiple Choice
William invested in an initial public offering.After a month he lost 5 percent.After a year he lost 50 percent.After two years he lost 80 percent.William's decision to keep the investment is an example of
A) bounded optimization.
B) escalation of commitment.
C) programmed decision making.
D) strategic maximization.
E) intuitive rationality.
Correct Answer:
Verified
Correct Answer:
Verified
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