| The Role of Buy-side Anchoring Bias: Evidence from the Real Estate Market | |
|---|---|
| 學年 | 104 |
| 學期 | 2 |
| 出版（發表）日期 | 2016-06-01 |
| 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 | Chuang-ChangChang; Ching-HsiangChao; Jin-HueiYeh |
| 單位 | |
| 出版者 | |
| 著錄名稱、卷期、頁數 | Pacific-Basin Finance Journal 38, p.34-58 |
| 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, 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 | en |
| ISSN | 0927-538X |
| 期刊性質 | 國外 |
| 收錄於 | SSCI |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 是 |
| 國別 | NLD |
| 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/987654321/120371 ) |
| SDGS | 優質教育,尊嚴就業與經濟發展,減少不平等 |
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