Bidding in real estate: A game theoretic approach |
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| Authors: | Taewon Kim |
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| Institution: | (1) Department of Finance and Law, School of Business and Economics, California State University, Los Angeles, 5151 State University Drive, 90032 Los Angeles, CA, USA |
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| Abstract: | Taking advantage of recent developments in bargaining theory, we examine the bidding process for residential real estate. Within this game theoretic context, we consider whether the phenomenon of buyer's remorse is compatible with the rationality required of participants. |
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| Keywords: | game theory winner's curse buyer's remorse |
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