Uncertainty quantification in automated valuation models with locally weighted conformal prediction

A Hjort, GH Hermansen, J Pensar… - arXiv preprint arXiv …, 2023 - arxiv.org
Non-parametric machine learning models, such as random forests and gradient boosted
trees, are frequently used to estimate house prices due to their predictive accuracy, but such …

Loss aversion and focal point bias: Empirical evidence from housing markets

SL Ross, T Zhou - Journal of Behavioral and Experimental Finance, 2024 - Elsevier
Most research documenting correlation between behavioral biases use survey or
experimental data, often focusing on related biases. We test whether evidence of loss …

Loss Aversion in Housing Sales Prices: Evidence from Focal Point Bias

SL Ross, T Zhou - 2021 - nber.org
Estimates of loss aversion in housing sales prices may be biased because expected losses
correlate with housing and borrower unobservables. We provide new evidence of loss …

Bounded Rationality in Real Estate Investment Decisions

X Wan - 2022 - repository.cam.ac.uk
A growing body of literature has shown, again and again, that investors suffer from
behavioural biases. They make cognitive errors by processing the available information in a …

[PDF][PDF] Loss Aversion and Expectation Formation: Evidence from a Rising Market

AE Eriksen - 2022 - housinglab.oslomet.no
This paper investigates whether sellers in the housing market are loss averse, which is
argued to be the source for the positive correlation between prices and volume in housing …