Construct · 1 fields · 1 citations

anchoring in property pricing: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Real estate

the pull of an initial list price on value estimates made by both real estate agents and amateurs, even when they deny using it.

In real estate, anchoring in property pricing refers to the pull of an initial list price on value estimates made by both real estate agents and amateurs, even when they deny using it. This meaning comes from Northcraft (1987) in Organizational Behavior and Human Decision Processes.[1]

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Nearby constructs

anchoring3 fields · 4 citationsjingle · one word, three constructs estate2 fields · 2 citationsjingle · one word, two carriers list1 fields · 1 citationsanchor · a standalone construct

References

Northcraft, G. B., & Neale, M. A. (1987). Experts, amateurs, and real estate: An anchoring-and-adjustment perspective on property pricing decisions. Organizational Behavior and Human Decision Processes, 39(1), 84-97. https://doi.org/10.1016/0749-5978(87)90046-x

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