Investment Decision-Making Under Uncertainty in Real Estate

Over a period of time, the author observed that real estate investment decisions were made under great uncertainty in sub-Saharan Africa, and that this was mainly due to unreliable and outdated economic and market data. The book is an investigation of the investment decision phenomenon on how real estate investment decisions are made under uncertainty in sub-Saharan Africa. From the case studies analysis, it was evident that the decision process was subjective and depended, to a great extent, on the experience of the decision-maker and their intuition. Biases and heuristics were evident in the descriptions of the researcher and co-researchers' experiences.