This work was partly undertaken while the second author was visiting and supported by the Hong Kong Institute of Monetary Research. We thank Charles Leung and Matthew Yiu for helpful suggestions. We thank Debbie Leung, Fengjiao Chen, Jiao Lin and King Wa Yau for their help in extracting the Economic Property Research Center data, and one referee for useful comments. This paper was supported in part by a Direct Grant from the Chinese University of Hong Kong.
Can Anchoring and Loss Aversion Explain the Predictability of Housing Prices?
Article first published online: 3 FEB 2013
© 2013 Wiley Publishing Asia Pty Ltd
Pacific Economic Review
Volume 18, Issue 1, pages 41–59, February 2013
How to Cite
Leung, T. C. and Tsang, K. P. (2013), Can Anchoring and Loss Aversion Explain the Predictability of Housing Prices?. Pacific Economic Review, 18: 41–59. doi: 10.1111/1468-0106.12009
- Issue published online: 3 FEB 2013
- Article first published online: 3 FEB 2013
- Hong Kong Institute of Monetary Research
- Chinese University of Hong Kong