教師資料查詢 | 類別: 會議論文 | 教師: 趙慶祥CHAO, CHING-HSIANG (瀏覽個人網頁)

標題:The Role of Buy-Side Anchoring Bias: Evidence from the Real Estate Market
學年104
學期1
發表日期2015/10/15
作品名稱The Role of Buy-Side Anchoring Bias: Evidence from the Real Estate Market
作品名稱(其他語言)
著者C.C. Chang; J.H. Yeh
作品所屬單位
出版者
會議名稱2015 Financial Management Association (FMA)
會議地點Orlando, U.S.A.
摘要We examine anchoring bias within the real estate market by evaluating evidence and a priori arguments on the effects of investor sentiment on willingness-to-pay among homebuyers. Based upon a unique dataset which provides the complete histories of transactions in the real estate market, we investigate whether market participants can see through the bias. Our findings reveal that the anchoring phenomenon prevails regardless of homebuyer's gender. Homebuyers faced with higher systemic uncertainty and out-of-state housing transactions exhibit higher levels of anchoring; the heuristic thinking biased on investors' willingness-to-pay gives rise to the deviations from reasonable housing values.
關鍵字Real estate markets;Anchoring bias;Willingness to pay
語言英文
收錄於
會議性質國際
校內研討會地點
研討會時間20151015~20151017
通訊作者
國別美國
公開徵稿
出版型式
出處
相關連結
SDGs
  • 優質教育,尊嚴就業與經濟發展,減少不平等
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