Superstition, conspicuous spending, and housing market: Evidence from Singapore

Superstition, conspicuous spending, and housing market: Evidence from Singapore

We study the effect of superstition and conspicuous spending motives on housing demand and price in Singapore. We find that buyers pay less for homes with unlucky addresses and more for homes with lucky addresses. There were fewer housing transactions on inauspicious days of the lunar calendar when...

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Bibliographic Details
Main Authors: HE, Jia, LIU, Haoming, SING, Tien Foo, SONG, Changcheng, WONG, Wei-Kang
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2020
Subjects:
Behavioral economics
Conspicuous spending
Prices
Real estate
Superstition
Asian Studies
Finance and Financial Management
Real Estate
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/6493
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7492/viewcontent/final_submission_5Sep2018.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/lkcsb_research/6493
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7492/viewcontent/final_submission_5Sep2018.pdf

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