Seiler, Michael J.; Seiler, Vicky L.; Traub, Stefan; … - In: Journal of Real Estate Research 30 (2008) 4, pp. 461-474
This study empirically exams the combination of regret aversion and false reference points in a residential real estate context. Survey respondents were put in a hypothetical situation, where they had purchased an investment property several years ago. Hindsight knowledge about a foregone all...