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Nudging Private Investors In The Real Estate Market. The use of psychological biases to reduce market bubbles

Brioschi, Elena
(2018)

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ElenaBrioschi_15701601_2018.pdf
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Details

Supervisors
Johnen, Johannes
Faculty
Faculté des sciences économiques, sociales, politiques et de communication
Degree label
Master [120] en sciences économiques, orientation générale
Abstract
It has largely been agreed that speculative financial bubbles are mainly caused by psychological factors. That is why in this work I propose two nudges that exploit social comparison and the psychology of availability as a possible solution to decrease the probability of creation and propagation of speculative bubbles in the real estate market. The aim of these nudges is to target private investors in order to disincentivize them from investing in markets that are at bubble risk thereby reducing the volume of capital flowing into them.