期刊論文
學年 | 106 |
---|---|
學期 | 2 |
出版(發表)日期 | 2018-03-31 |
作品名稱 | Loss Aversion in Real Estate Transactions |
作品名稱(其他語言) | |
著者 | 趙慶祥(Ching-Hsiang Chao); 張傳章(Chuang-Chang Chang); 葉錦徽(Jin-Huei Yeh) |
單位 | |
出版者 | |
著錄名稱、卷期、頁數 | Journal of Financial Studies (JFS),26(1),p.25-58 |
摘要 | This research examines loss aversion within the real estate market by evaluating evidence and a priori arguments on the effects of investor sentiment on willingness-to-accept among homeowners. Based upon a unique data set providing the complete histories of transactions in the real estate market, our findings reveal that the loss aversion phenomenon prevails regardless of homeowners' gender. Interestingly, young investors, and non-owner occupied investors faced with lower-priced cases exhibit higher levels of loss aversion. By sketching the whole conditional distribution via quantile regression, this study provides new evidence suggesting difference on cognitive biases across investors' residential region, gender, and age. |
關鍵字 | Loss aversion;investor experience;quantile regression;real estate markets;損失趨避;投資者經驗;分量迴歸;不動產市場 |
語言 | en |
ISSN | |
期刊性質 | 國內 |
收錄於 | TSSCI EI |
產學合作 | |
通訊作者 | |
審稿制度 | 是 |
國別 | TWN |
公開徵稿 | |
出版型式 | ,電子版,紙本 |
相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/121032 ) |