2008
DOI: 10.1080/10835547.2008.12091229
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Regret Aversion and False Reference Points in Residential Real Estate

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Cited by 56 publications
(23 citation statements)
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“…8 We assume a reasonable amount of amortization given the passage of time. Our figures are consistent with theories and results found in Seiler, Seiler, Traub, and Harrison (2008), Plaut and Plaut (2010), Zhou and Haurin (2010), Shin, Saginor, and Van Zandt (2011), Zahirovic-Herbert and Chaterjee (2011), Zurada, Levitan, and Guan (2011), MacDonald and Winson-Geideman (2012, and Sun and Seiler (2013). 9 In this study, we intentionally hold constant these variables in order to isolate the impacts of lender characteristics on the decision to strategically default.…”
Section: ͉ E N D N O T E Ssupporting
confidence: 93%
“…8 We assume a reasonable amount of amortization given the passage of time. Our figures are consistent with theories and results found in Seiler, Seiler, Traub, and Harrison (2008), Plaut and Plaut (2010), Zhou and Haurin (2010), Shin, Saginor, and Van Zandt (2011), Zahirovic-Herbert and Chaterjee (2011), Zurada, Levitan, and Guan (2011), MacDonald and Winson-Geideman (2012, and Sun and Seiler (2013). 9 In this study, we intentionally hold constant these variables in order to isolate the impacts of lender characteristics on the decision to strategically default.…”
Section: ͉ E N D N O T E Ssupporting
confidence: 93%
“…These findings are consistent with Waweru et al (2014), in whose study heuristic factors came out to be the influential behavioural factor for real estate investors. Anchoring among real estate investors was also found out by (Diaz III and Hansz, 1997; Seiler et al , 2008). (Bokhari and Geltner, 2011; Salzman and Zwinkels, 2017) found the evidence of representativeness bias in the marketplace.…”
Section: Discussionmentioning
confidence: 59%
“…Regret aversion refers to the phenomenon that people keep the status quo because they know from experience that options that seem to be favorable given the apparently correct information at the time the decision is to be made, may later turn out to be less favorable than previously assumed (Seiler et al , 2008).…”
Section: Current Studymentioning
confidence: 99%
See 1 more Smart Citation
“…Seller demographics, such as gender, marital status, race, education, family size and net worth, are considered in the study of sellers' willingness to sell by Seiler et al (2012), but no demographic data are found to explain the variable value variations. Lane et al (2011) proposed several behavioral reasons for investors putting off their underwater properties sale in the recent downturn of the housing market, focusing primarily on familiarity bias (also in Seiler et al, 2008, andGonzalez-Navarro andQuintana-Domeque, 2009) associated with owners' flawed ability to assess the return on their property. The behavioral reasons appear to have a significant ability to explain sellers' reluctance to list their properties, together with certain seller demographic characteristics.…”
Section: Past Literaturementioning
confidence: 99%