There is an interesting experiment on SSRN in the area of finance. This study looks at reference point formation over time. In a time series, the first and last reference point is weighted heavily with intermediate points receiving small weights.
In the property/real estate area we have many studies identifying important "static" reference points. The closest real estate study to this SSRN paper is probably the Diaz/Wolverton (1998) paper in Real Estate Economics (link on this blog). I would say that there is probably a lot to be explained regarding reference point formation over time in the property area.
Baucells, Manel, Weber, Martin and Welfens, Frank, "Reference Point Formation Over Time: A Weighting Function Approach" (October 2007). Available at SSRN: http://ssrn.com/abstract=1022930
Saturday, February 16, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment