Algemene informatie
| Vakcode | E_EBE3_BFRE |
|---|---|
| Studiepunten | 6 EC |
| Periode | P2 |
| Vakniveau | 300 |
| Onderwijstaal | Engels |
| Faculteit | School of Business and Economics |
| Vakcoördinator | prof. dr. M.J. van den Assem |
| Examinator | prof. dr. M.J. van den Assem |
| Docenten |
prof. dr. M.J. van den Assem dr. K.L. Wolk dr. D. van Dolder |
Praktische informatie
Voor dit vak moet je zelf intekenen.
Voor dit vak kun je last-minute intekenen.
| Werkvormen | Hoorcollege |
|---|
Doelgroepen
Dit vak is ook toegankelijk als:
Dit vak wordt in het Engels aangeboden. Omschrijvingen kunnen daardoor mogelijk alleen in het Engels worden weergegeven.
Doel vak
The aims of the course are to understand:- how people are subject to distortions or biases in their beliefs and
have preferences that are not understood in a normatively acceptable
framework;
- how behavioral biases affect the decisions of participants in real
estate markets;
- how the bounded rationality of market participants can explain the
dynamics of real estate markets.
Inhoud vak
This course provides a behavioral perspective on real estate decisionmaking and markets. In particular, students learn how behavioral biases
affect the decisions of participants in real estate markets, and how the
bounded rationality of market participants can explain real estate
market dynamics. The course starts with a general introduction into the
psychology of decision making. The second part provides a psychological
perspective on property valuations, negotiation outcomes, and mortgage
choices. The last part of the course considers the efficiency and
dynamics of real estate markets, with a special focus on bubbles and
crashes.
Onderwijsvorm
Lectures (2 times 3 hours per week)Toetsvorm
Written exam (80%) and assignment (20%)Literatuur
- Bazerman & Moore, Judgment in Managerial Decision Making, Wiley, mostrecent edition.
- Selected articles (to be announced).