She is an irrational actor who is preventing a more efficient allocation of a scarce resource.
If she weren’t so notably irrational, the New York Times wouldn’t be writing an article on her.
If she weren’t so notably irrational, the New York Times wouldn’t be writing an article on her.
Only she knows what's best for her property. There's nothing irrational about doing what you want with what you got. It's the opposite that's irrational.
But it's her right. I hope it bites her, but it's her right to be irrational.
Wait, so is it supposed to be the market deciding or this one lady?
Rushing into things, taking the first offer, etc. This is irrational. Finding the right way to "dispose" of equipment, i.e. finding the highest bidder or, failing that, the closest scrapyard, before finding a new leasee, is not irrational.
Human beings are deeply irrational, not everything has to be tweaked for maximum output / productivity / efficiency / optimisation.