Exogenous shocks to his wealth. By which I mean his rich irrational uncle left him land.
It doesn’t matter! Asking why is dangerously close to sunk cost bias—what matters is the situation he’s in, not why he’s in it.
Exogenous shocks to his wealth. By which I mean his rich irrational uncle left him land.
It doesn’t matter! Asking why is dangerously close to sunk cost bias—what matters is the situation he’s in, not why he’s in it.