‘Smarter Information, Smarter Consumers’? Insights into the Housing Market

Gong, Cynthia M.; Lizieri, Colin; Bao, Helen X. H.

doi:10.2139/ssrn.3296586

Cited by 3 publications

(9 citation statements)

References 57 publications

(31 reference statements)

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…The statistics of a Wald test show the null hypothesis is rejected: 10.0 with p-value of 0.0069 (for short-term analysis between 2011-2012). 23 Again, this finding supports the notion that the estimates obtained from a cross-sectional approach are likely to be biased.…”

Section: Identification Strategysupporting

confidence: 70%

“…On the other hand, regarding local formation of risk preferences, Dohmen et al (2012) document that risk preference among children is significantly related to the prevailing risk preferences in the region, controlling for parental risk preferences. 23 The test is conducted using the "xtoverid" command in Stata software, which was developed by Schaffer and Stillman (2006).…”

Section: Identification Strategymentioning

confidence: 99%

See 1 more Smart Citation

Do Risk Preferences Change? Evidence from the Great East Japan Earthquake

Hanaoka

Shigeoka

Watanabe

2018

American Economic Journal: Applied Economics

186

139

View full text Add to dashboard Cite

We investigate whether individuals' risk preferences change after experiencing a natural disaster, specifically, the 2011 Great East Japan Earthquake. Exploiting the panels of nationally representative surveys on risk preferences, we find that men who experienced greater intensity of the earthquake became more risk tolerant a year after the Earthquake. Interestingly, the effects on men's risk preferences are persistent even five years after the Earthquake at almost the same magnitude as those shortly after the Earthquake. Furthermore, these men gamble more, which is consistent with the direction of changes in risk preferences. We find no such pattern for women. (JEL D12, D81, J16, Q54)

show abstract

Section: Identification Strategysupporting

confidence: 70%

Section: Identification Strategymentioning

confidence: 99%

Do Risk Preferences Change? Evidence from the Great East Japan Earthquake

Hanaoka

Shigeoka

Watanabe

2018

American Economic Journal: Applied Economics

186

139

View full text Add to dashboard Cite

show abstract

“…A falta de informações técnicas do imóvel, dificulta na opinião dos entrevistados a pesquisa on-line e a comparação dos imóveis presentes no mercado, por não possibilitar diferenciar a qualidade entre os imóveis. A falta de informação gera uma decisão tendenciosa que origina insegurança de qualidade por parte do consumidor, relatado na bibliografia (ALVARENGA;ZANQUETTO FILHO, 2015;GONG et al, 2019).…”

Section: Consumidores Do Mercado Imobiliáriounclassified

“…No mercado imobiliário, geralmente os consumidores envolvem-se no processo de compra de imóveis poucas vezes durante a vida. Durante esse processo, os consumidores provavelmente usarão informações limitadas para avaliar o valor de um imóvel, em razão de não terem acesso a informações completas e por falta de conhecimento e experiência (GONG et al, 2019).…”

Section: Introductionunclassified

See 1 more Smart Citation

A comunicação dos requisitos de desempenho ao consumidor do mercado imobiliário

Dalbosco

Reis

Lantelme

2020

REC

View full text Add to dashboard Cite

Os consumidores do mercado imobiliário envolvem-se poucas vezes durante a vida no processo de compra de imóveis. Durante esse processo, esses consumidores utilizam informações limitadas para avaliar o valor de um imóvel, em razão de não terem acesso a informações completas e por falta de conhecimento e experiência. As informações sobre a qualidade e desempenho de um imóvel no ato de venda são direito fundamental do consumidor, presente no Código de Defesa do Consumidor (CDC) e também são requisitos obrigatórios que constam na Norma Brasileira de Desempenho (ABNT, 2013). Assim, o objetivo desta pesquisa foi identificar a percepção dos envolvidos no processo de compra (corretores e clientes) quanto aos benefícios desta informação e as formas de comunicação mais adequadas para orientar o consumidor no processo de decisão de compra. A pesquisa é de cunho qualitativo realizada por meio de entrevistas em duas fases distintas. A primeira fase baseou-se na revisão da literatura e em entrevistas realizadas com corretores e especialistas da Norma de Desempenho. Na segunda fase foram entrevistados consumidores do mercado imobiliário, a fim de obter suas percepções sobre o tema. Os resultados indicam a importância do repasse de informações completas e claras dos imóveis ao consumidor. Sugere-se para pesquisas futuras verificar como as informações técnicas influenciam a tomada de decisão do consumidor no processo de compra e identificar como esta informação deve ser apresentada ao cliente.

show abstract

The influences of the type of information on the purchase intention and performance expectation of residential real estate properties

2021

View full text Add to dashboard Cite

During the Purchase Decision Process (PDP), consumers use limited information to evaluate the value of an asset, considering that they do not have access to complete and adequate information, lack of knowledge and experience. Technical information about building performance can be used as differential attributes in the PDP. This research seeks to analyze the influence of technical information on the purchase intention and performance expectations of residential real estate consumers. Two studies were conducted, with different but complementary characteristics, the first one being exploratory and qualitative and the second one being experimental and quantitative. The results showed that information, regardless of its content and format, has a significant impact both on purchase intention and performance expectation when provided to the consumer during the purchasing process. However, the information content and format as used in the advertisements developed for this study’s experiment showed no significant differences in the variables analyzed. The main contribution of this work is to provide subsidies to improve the adaptation of real estate marketing advertisements and guarantee better and qualified information to consumers.

show abstract

‘Smarter Information, Smarter Consumers’? Insights into the Housing Market

Cited by 3 publications

References 57 publications

Do Risk Preferences Change? Evidence from the Great East Japan Earthquake

Do Risk Preferences Change? Evidence from the Great East Japan Earthquake

A comunicação dos requisitos de desempenho ao consumidor do mercado imobiliário

The influences of the type of information on the purchase intention and performance expectation of residential real estate properties

Contact Info

Product

Resources

About