Mortgage Choice as a Natural Field Experiment on Choice under Risk
نویسندگان
چکیده
منابع مشابه
Mortgage Choice as a Natural Field Experiment on Choice Under Risk∗
Microdata from the UK Survey of Mortgage Lenders is used to model borrowers' choices between variable and fixed rate mortgages. The data is treated as a large-scale " natural experiment " on risky choice, with the choice of a fixed rate corresponding to the " safe choice " in a more conventional experimental setting. The choice is assumed to depend partly on risk attitude, and partly on expecta...
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ژورنال
عنوان ژورنال: Journal of Money, Credit and Banking
سال: 2012
ISSN: 0022-2879
DOI: 10.1111/j.1538-4616.2012.00537.x