Gabrielle, Gayer; Itzhak, Gilboa; Offer, Lieberman - In: The B.E. Journal of Theoretical Economics 7 (2007) 1, pp. 1-37
People reason about real-estate prices both in terms of general rules and in terms of analogies to similar cases. We propose to examine empirically which mode of reasoning fits the data better. To this end, we develop the statistical techniques required for the estimation of the case-based...
