Loss aversion and anchoring in commercial real estate pricing: Empirical evidence and price index implications
Loss aversion behavior plays a major role in the pricing of commercial properties, and it varies both across the type of market participants and across the cycle. We find that sophisticated and more experienced investors are at least as loss averse as their counterparts and that loss aversion operat...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Wiley Blackwell,
2013-02-15T19:02:39Z.
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| Subjects: | |
| Online Access: | Get fulltext |