Busse, Meghan R.; Pope, Devin G.; Pope, Jaren C.; … - National Bureau of Economic Research (NBER) - 2012
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...