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Contract Price Confirmation Bias: Evidence from Repeat Appraisals |
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| Authors: | Eriksen Michael D Fout Hamilton B Palim Mark Rosenblatt Eric |
| Institution: | 1.Department of Finance and Real Estate; Lindner College of Business, University of Cincinnati, Cincinnati, OH, 45221, USA ;2.Fannie Mae, D.C, Washington, 20005, USA ;3.Department of Economics, Kansas State University, Manhattan, KS, 66506, USA ; |
| Abstract: | The Journal of Real Estate Finance and Economics - Prior research has argued that upwardly biased appraised values of residential properties were a contributing factor of the 2008 financial crisis.... |
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