| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18212 |
| 来源ID | Working Paper 18212 |
| Projection Bias in the Car and Housing Markets | |
| Meghan R. Busse; Devin G. Pope; Jaren C. Pope; Jorge Silva-Risso | |
| 发表日期 | 2012-07-06 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | Projection bias is the tendency to overpredict the degree to which one's future tastes will resemble one's current tastes. We test for evidence of projection bias in two of the largest and most important consumer markets - the car and housing markets. Using data for more than forty million vehicle transactions and four million housing purchases, we explore the impact of the weather on purchasing decisions. We find that the choice to purchase a convertible, a 4-wheel drive, or a vehicle that is black in color is highly dependent on the weather at the time of purchase in a way that is inconsistent with classical utility theory. Similarly, we find that the hedonic value that a swimming pool and that central air add to a house is higher when the house goes under contract in the summertime compared to the wintertime. |
| 主题 | Microeconomics ; Behavioral Economics ; Households and Firms ; Industrial Organization ; Industry Studies |
| URL | https://www.nber.org/papers/w18212 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575887 |
| 推荐引用方式 GB/T 7714 | Meghan R. Busse,Devin G. Pope,Jaren C. Pope,et al. Projection Bias in the Car and Housing Markets. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18212.pdf（3497KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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