Search Costs, Behavioral Biases, and Information Intermediary Effects
نویسندگان
چکیده
منابع مشابه
Search Costs, Behavioral Biases, and Information Intermediary Effects
Buyers in commercial real estate markets often pay different prices for comparable properties. We document that distant commercial real estate buyers pay, on average, a premium relative to local buyers, controlling for individual property characteristics as well as time fixed-effects. We test the extent to which the sources of these observed premiums are a product of higher search costs/informa...
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While it is well established that the search for information after a decision is biased toward supporting that decision, the case of preference-supporting search before the decision remains open. Three studies of consumer choices consistently found a complete absence of a pre-choice bias toward searching for preference-supporting information. The absence of this confirming search bias occurred ...
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ژورنال
عنوان ژورنال: The Journal of Real Estate Finance and Economics
سال: 2016
ISSN: 0895-5638,1573-045X
DOI: 10.1007/s11146-016-9582-z