Description
Behavioural Science and Housing Decision Making
A Case Study Approach
Author: Bao Helen
Language: EnglishSubjects for Behavioural Science and Housing Decision Making:
Keywords
China Household Finance Survey; behaviour; Google Search Volume Index; Behavior; Housing Wealth Effect; Behavioral; Loss Aversion Parameter; Behavioral economics; Residential Satisfaction; behavioural economics; Housing Tenure Choice; behavioural research; Vice Versa; housing behaviour; Real House Price Index; location; Endowment Effect; mortgage; Business Tendency Survey; debt; Fixed Effects Panel Data Model; decision making; Housing Wealth; Tenure decision; Mental Accounting; Neighbours; Energy Conservation; community; Quantile Regression; gentrification; Sentiment Indices; Housing price; OPD; market equilibrium; HPF; Housing cycle; Loss Aversion; UK Housing Market; Housing satisfaction; SVI; Market sentiment; Close End Fund Discount; Anchoring effect; BCI; reference dependence; House Price Index; Place Attachment; Framing effect; Social comparison
Publication date: 03-2020
· 15.6x23.4 cm · Hardback
Publication date: 02-2020
· 15.6x23.4 cm · Paperback
Description
/li>Contents
/li>Readership
/li>Biography
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This book takes a behavioural approach to examine six important housing questions: tenure decision, gentrification, place attachment, housing bubbles, housing wealth, and residential satisfaction.
Using experimental and field data, the book demonstrates the effects of six behavioural biases and heuristics (i.e., anchoring and reference dependence, loss aversion, mental accounting, endowment effect, herd behaviours, and social comparison) on these housing decisions. The first part of the book introduces the questions and provides a behavioural science toolbox before the second part adopts a real-world case study approach. Real data sets and suggested answers are provided, and the cases come from the UK, USA, and China. Background information is given in each case to facilitate the understanding of the case data and question, as well as the discussions on the results.
This book is ideal supplementary reading on a variety of courses such as housing studies, economics, real estate, research methods, and for students and academics who are interested in the application of behavioural science in housing decisions.
1. Introduction 2. Six Housing Questions 3. Behavioural Science Toolbox 4. Housing Provident Fund and Homeownership 5. Mega-events and Gentrification 6. Endowment Effect and House Price Determination 7. Market Sentiment and Housing Bubbles 8. Housing Wealth and Energy Consumption 9. Social Comparison and Residential Satisfaction 10. Conclusions
Helen Bao is a Fellow in Land Economy, Newnham College, and a Senior Lecturer in Real Estate Finance and Director of International Relations, Department of Land Economy, University of Cambridge, UK.