Behavioural economics

International Encyclopedia of Housing and Home

Volumn , Issue , 2012, Pages 97-102

  Gibb, K ^a  

^a UNIVERSITY OF GLASGOW   (United Kingdom)

Author keywords

Anchoring; Availability; Endowment effects; Experimental methodologies; Framing; Heuristics and biases; Hyperbolic discounting; Loss aversion; Mental accounting; Nudging; Prospect theory; Representativeness; Time inconsistent preferences

Indexed keywords

EID: 84869855913     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.1016/B978-0-08-047163-1.00609-3     Document Type: Chapter

References (22)

1. Ariely D. Predictably Irrational: The Hidden Forces That Shape Our Decisions 2008, HarperCollins, London.
2. Cassidy J. How Markets Fail? 2009, Penguin, London.
3. Engelhardt G. Nominal loss aversion, housing equity constraints and household mobility: Evidence from the United States. Journal of Urban Economics 2003, 53:171-195.
4. Genovese D., Mayer C. Nominal loss aversion and seller behaviour: Evidence from the housing market. Quarterly Journal of Economics 2001, 116:1233-1260.
5. Kahneman D., Lovallo D. Timid choices and bold forecasts: A cognitive perspective on risk-taking. Management Science 1993, 39:17-30.
6. Lichenstein S., Slovic P. Reversals of preference between bids and choices in gambling decisions. Journal of Experimental Psychology 1971, 89:46-55.
7. Marsh A., Gibb K. Uncertainty, expectations and housing market choices. Housing, Theory and Society 2011, 28. forthcoming.
8. Northcraft G., Neale M. Experts, amateurs, and real estate: An anchoring and adjustment perspective on property pricing decisions. Organizational Behavior and Human Decision Processes 1987, 39:84-97.
9. Poundstone W. Priceless: The Hidden Psychology of Value 2010, Oneworld, Oxford, UK.
10. Pryce G., Chen Y., Galster G. The impact of floods on house prices: An imperfect information approach with myopia and amnesia. Housing Studies 2011, 26(2):259-279.
11. Rabin M. Psychology and economics. Journal of Economic Literature 1998, 36:11-46.
12. Rabin M. A perspective on psychology and economics. European Economic Review 2002, 46:657-685.
13. Shiller R. Irrational Exuberance 2005, Princeton University Press, Princeton, NJ. 2nd edn.
14. Shleifer A. Inefficient Markets: An Introduction to Behavioural Finance 2000, Oxford University Press, Oxford, UK.
15. Smith S. Home price dynamics: A behavioural economy?. Housing, Theory and Society 2011, 28. forthcoming.
16. Thaler R. Mental accounting matters. Journal of Behavioural Decision Making 1999, 12:183-206.
17. Tversky A., Kahneman D. Judgement under uncertainty: Heuristics and biases. Science 1974, 185:1124-1131.
18. Tversky A., Kahneman D. The framing of decisions and the psychology of choice. Science 1981, 211:453-458.
19. Wilkinson N. An Introduction to Behavioural Economics 2008, Palgrave Macmillan, Basingstoke, UK.
20. Della Vigna S. Psychology and economics: Evidence from the field. Journal of Economic Literature 2009, 47:315-372.
21. Kahneman D., Tversky A. Prospect theory: An analysis of decision under risk. Econometrica 1979, 47:263-291.
22. Thaler R., Sunstein C. Nudge 2008, Yale University Press, New Haven, CT.