Please use this identifier to cite or link to this item: https://repository.cihe.edu.hk/jspui/handle/cihe/2549
Title: A heterogeneous boundedly rational expectation model for housing market
Other Titles: 住宅市場價格波動的異質有限預期模型
Author(s): Leung, Andrew Yee Tak 
Author(s): Xu, J.-N.
Tsui, W. S.
Issue Date: 2009
Publisher: Springer
Journal: Applied Mathematics and Mechanics 
Volume: 30
Issue: 10
Start page: 1305
End page: 1316
Abstract: 
This research aims to test the housing price dynamics when considering heterogeneous boundedly rational expectations such as naive expectation, adaptive expectation and biased belief. The housing market is investigated as an evolutionary system with heterogeneous and competing expectations. The results show that the dynamics of the expected housing price varies substantially when heterogeneous exp...
URI: https://repository.cihe.edu.hk/jspui/handle/cihe/2549
DOI: 10.1007/s10483-009-1010-1
CIHE Affiliated Publication: No
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