Multiple Choice Questions
The applied discipline whose focus is the study of the allocation of scarce resources over time is called what?
a) Finance
b) Economics
c) Social Science
d) None of the above
The discipline´s paradigm is a system of shared beliefs, who named it?
a) H. Simon
b) T. Kuhn
c) J.H. von Thünen
d) none of the above
Which of the following are real estate research paradigms?
a) Science paradigm
b) Finance paradigm
c) a and b
d) none of the above
True/False Questions
The inherited theories of the financial paradigm assert that real estate markets are inefficient.
- True
- False
Econometrics modeling is a set of statistics based, sophisticated data evaluation techniques used in real estate to support the accuracy of a research hypothesis.
- True
- False
The discipline of finance derives from economics.
- True
- False
A statement of belief suggested by fundamental theory is called a hypothesis.
- True
- False
The search for inefficiency leads to the use of cognitive shortcuts sometimes called heuristics.
- True
- False
Solutions
a) b) a)
False, True, True, True, False
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