Eres : Digital Library : Works

Paper eres2013_334:
Behavioural Real Estate

id eres2013_334
authors Salzman, Diego
year 2013
title Behavioural Real Estate
source 20th Annual European Real Estate Society Conference in Vienna, Austria
summary The behavioural approach to decision making under uncertainty combines insights from psychology and sociology into economic decision making. It steps away from the normative homo economicus and introduces a positive approach to human decision making under uncertainty. The aim of this paper is to provide an overview of the main themes in the behavioural real estate literature from the perspective of different market participants. It can be concluded that there seems to be general agreement that behavioural studies can help explain the inefficiency of real estate markets, but a large component of behavioural decision making in the property markets seems to be undiscovered.
keywords Behavioural decision making, Market participants, Social determinants, Home ownership, Behavioural biases, Property investment appraisal
series ERES:conference
type paper session
content file.pdf (216,972 bytes)
discussion No discussions. Post discussion ...
session L-1: Real Estate & Urban Economics
last changed 2014/10/21 21:51
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