Loss aversion and anchoring in commercial real estate pricing: Empirical evidence and price index implications

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Investor Sentiment, Limits to Arbitrage and Private Market Returns (2014, background): “5Bokhari and Geltner (2011) examine the behavioral biases of prospect theory in the context of private commercial real estate transactions. Although their analysis highlights the importance of loss aversion in price determination at the individual property level, they find a small impact on overall ”
Mapping the field of behavioural biases: a literature review using bibliometric analysis (2021, background): “Present manuscript bridges this gap by considering all the major behavioural biases such as Heuristics biases (Bokhari and Geltner 2011; Corredor et al.”