Explanation for Real Estate Speculative Bubbles Using Game Theory

Bubbles in Real Estate Markets

The Political Causes of Real Estate Bubbles

A model which explains national-level house price appreciation through utility maximization by rational voters is developed and tested using a global sample of 40 democracies, in order to explain why some countries experienced house price bubbles in the past decade and others did not. In the model, a subsidy funded by a tax on all citizens can be provided to home buyers. The subsidy leads to an...

using game theory techniques in self-organizing maps training

شبکه خود سازمانده پرکاربردترین شبکه عصبی برای انجام خوشه بندی و کوانتیزه نمودن برداری است. از زمان معرفی این شبکه تاکنون، از این روش در مسائل مختلف در حوزه های گوناگون استفاده و توسعه ها و بهبودهای متعددی برای آن ارائه شده است. شبکه خودسازمانده از تعدادی سلول برای تخمین تابع توزیع الگوهای ورودی در فضای چندبعدی استفاده می کند. احتمال وجود سلول مرده مشکلی اساسی در الگوریتم شبکه خودسازمانده به حسا...

Theory for Real Estate Valuation

Although people often talk as if theory and practice are different things, as in “that is only theoretical,” nothing is more practical than a good theory. Theory helps make sense of complex situations by directing attention to key issues and by guiding methods of analysis. This paper presents an updating of valuation theory and the methodological implications flowing from this theory. The centr...

On Testing for Speculative Bubbles

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