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

標題:Loss Aversion in Real Estate Transactions
學年
學期
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
語言英文
ISSN
期刊性質國內
收錄於TSSCI;EI;
產學合作
通訊作者
審稿制度
國別中華民國
公開徵稿
出版型式,電子版,紙本
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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