Understanding the Behavioural Paradigm in Property Research

Andrew Hansz

45 citations0/0 files storedPacific Rim Property Research Journal

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Decision-Making and Behavioral Economics Housing Market and Economics Urban Planning and Valuation

Abstract

To seek its definition, the behavioural approach to real estate research fits into a model of research paradigms. The general framework, underlying psychological theories, data generation and data evaluation methods for the approach are identified. The existing literature is organised and discussed. The findings support the view of the real estate decision maker as a problem solver seeking efficiency and pursuing potentially biasing simplifying heuristics to overcome limitations in human information processing. Some results are consistent with an agency bias and the hypothesis that some heuristic behavior may be the unconscious, routinised response to pervasive agent-client concerns.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 45 citations exist upstream.

References

1963The Structure of Scientific Revolutions 1975Judgment under Uncertainty: Heuristics and Biases 1996The Structure of Scientific Revolutions 1972Human Problem Solving 1996Confirmation bias in the valuation process: a test for corroborating evidence 1997An Investigation into the Impact of Previous Expert Value Estimates on Appraisal Judgment 1994Aspects of information processing in valuation judgement and choice 2001The use of reference points in valuation judgment

Cited by

2012Consumer house price judgements: new evidence ofanchoringandarbitrary coherence 2019Historical evidence for anchoring bias: The 1875 cadastral survey in Istanbul 2018Measuring behavioural biases affecting real estate investment decisions in India: using IRT 2014Effect of Principal Heuristics on Accuracy of Property Valuation in Nigeria 2009The ZMET method: using projective technique to understand consumer home choice 2010Managing cognitive risk in real estate

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.