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An Innovative Approach to Identify Latent Overconfidence and Disposition Effects in Frictional Real Estate Markets

Unknown author

International Real Estate Review2026https://doi.org/10.53383/100417article
ABDC C
Weight
0.50

What the paper says

The operating decisions of investors can be irrational.This research proposes an approach to measure overconfidence bias and the disposition effect based on real estate rental decisions, and disentangle from market friction.Irrational operating decisions transform into impacts on real estate rentable supply responsiveness and market illiquidity.Analyzing US office market data from 2005 to 2019, the empirical findings confirm that the disposition effect significantly impacts supply responsiveness, alongside the effects of overconfidence, regulations and geographical barriers.Friction is the leading cause of market illiquidity, and the level of market illiquidity due to the disposition effect is higher than the overconfidence bias; thus, the disposition effect more frequently occurs.

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https://doi.org/https://doi.org/10.53383/100417

Or copy a formatted citation

@article{unknown2026,
  title        = {{An Innovative Approach to Identify Latent Overconfidence and Disposition Effects in Frictional Real Estate Markets}},
  author       = {Unknown author},
  journal      = {International Real Estate Review},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.53383/100417},
}

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An Innovative Approach to Identify Latent Overconfidence and Disposition Effects in Frictional Real Estate Markets

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.