Loss aversion explains why homeowners set unrealistic asking prices to recoup initial investments despite market conditions that do not support those prices.

Authors

• Person: Not available Organization: Verified Investing
  Behavioral Economics: Everyday Biases That Shape Money Choices

Sources

• Behavioral Economics: Everyday Biases That Shape Money Choices verifiedinvesting.com Verified Investing via serper

Referenced by nodes (1)

• Loss aversion concept