Download pdf
The Influence of Information Disclosure on Real Estate Buyers' Behavioral Decisions in the New Media Era - A Research Perspective Based on Behavioral Economics
- 1 International department, Chengdu No.7 High School, Chengdu, China
* Author to whom correspondence should be addressed.
Abstract
Information disclosure in the new media era has an important influence on real estate buyers' behavioral decisions. This paper studies the influence of information disclosure on real estate buyers' behavioral decision-making in the media era based on existing literature. It summarizes the status quo and characteristics of information disclosure in the media era; from the perspective of behavioral economics, it analyzes the process and reasons why these status quo and characteristics affect buyers' decision-making: herd behavior makes buyers more inclined to follow the decision of the public, the framing effect causes buyers to make impulsive consumption, and the preferential payment policies of the developers also motivate buyers to make choices. It also reveals the mechanisms behind them; it is expected to provide effective practical help for both sides of the real estate market and the development of the media market.
Keywords
new media era, information disclosure, real estate buyer behavior, Behavioral Economics
[1]. Zhang, Chengjiu, Wu, Huaqing, Cai, Guowei, and Xu, Xinzhong. (2021). Research on the Impact of Information Channels on Stock Price Volatility: From the Perspective of Media Reports and Analyst Predictions. South China Journal of Economics, Issue 11.
[2]. Wang, Wei, and Jiang, Gaofeng. (2004). Information Disclosure, Transparency, and the Cost of Capital. Economic Research Journal, Issue 7.
[3]. Zeng, Ying, and Lu, Zhengfei. (2006). Information Disclosure Quality and the Cost of Equity Financing. Economic Research Journal, Issue 2.
[4]. Jiang, Duo, and Xu, Fuming. (2013). Psychological Mechanisms of Herd Behavior in Consumer Decision-Making. Psychological Science, Issue 36.
[5]. Baruch Lev. (1992). Information Disclosure Strategy. California Management Review
Cite this article
Hou,X. (2024). The Influence of Information Disclosure on Real Estate Buyers' Behavioral Decisions in the New Media Era - A Research Perspective Based on Behavioral Economics. Advances in Economics, Management and Political Sciences,131,1-7.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
Disclaimer/Publisher's Note
The statements, opinions and data contained in all publications are solely those of the individual author(s) and contributor(s) and not of EWA Publishing and/or the editor(s). EWA Publishing and/or the editor(s) disclaim responsibility for any injury to people or property resulting from any ideas, methods, instructions or products referred to in the content.
About volume
Volume title: Proceedings of the 8th International Conference on Economic Management and Green Development
© 2024 by the author(s). Licensee EWA Publishing, Oxford, UK. This article is an open access article distributed under the terms and
conditions of the Creative Commons Attribution (CC BY) license. Authors who
publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons
Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this
series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published
version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial
publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and
during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See
Open access policy for details).