In an often quoted article, Genesove and Mayer (2001) observe
that house sellers are reluctant to sell at a loss, and attribute this
finding to loss aversion. I show that loss aversion cannot explain this
phenomenon.
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Scooped by Alessandro Cerboni onto Bounded Rationality and Beyond |
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Are you ready for the fight?
Recessions are created for people who want follow this trend... why wouldn't you make your own trend and start your own business? An excellent post with some interesting insights and examples. [note mg]
Recessions are the perfect time to start a business: FedEx, Microsoft, Burger King and even GE were started during the recessions the U.S. has experienced over the last century and a half. If you’ve been thinking about starting a new business, the fact that the economy is down should not stop you. In fact, there are many reasons why the national economic situation should encourage you to start a new business now.
You Have Motivation...
Read more: http://bit.ly/L9RTWH Via Martin Gysler Delete the scoop?
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