Authors: HXH Bao
Year: 2024
Journal / publisher: Housing, Theory and Society
DOI: 10.1080/14036096.2023.2267060
Research line: Behavioural economics of housing decisions
Abstract
Through a systematic and critical review of the literature, we assembled a list of behavioural biases identified in the housing market and a taxonomy of behavioural interventions tested extensively in the last two decades. Based on these findings, we developed an analytical framework for behavioural interventions for housing decisions. We suggest that behavioural interventions have the most significant potential in areas where market incentives and government regulations are ineffective. The application of behavioural interventions in the housing market should focus on encouraging and supporting decision-makers to narrow the intention-action gap.