How Much Are Borrowers Willing to Pay to Remove Uncertainty Surrounding Mortgage Defaults?

被引：0

作者：

Anderson, Jackson T. ^{[1
]}

Gibson, Scott ^{[2
]}

Luchtenberg, Kimberly F. ^{[3
]}

Seiler, Michael J. ^{[4
]}

机构：

[1] Claremont McKenna Coll, Claremont, CA 91711 USA

[2] Coll William & Mary, Raymond A Mason Coll Business, Williamsburg, VA 23187 USA

[3] Amer Univ, Kogod Sch Business, Washington, DC 20016 USA

[4] Coll William & Mary, Williamsburg, VA 23187 USA

来源：

JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS | 2022年 / 64卷 / 04期

关键词：

Ambiguity aversion; Risk aversion; Prospect theory; Experiment; Mortgage default; RISK-AVERSION; FINANCIAL LITERACY; HOUSE MONEY; AMBIGUITY; PERSONALITY; PSYCHOLOGY; DECISION; PROSPECT; MARKETS; LESS;

D O I：

10.1007/s11146-020-09810-4

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Using a large, non-student sample, we assess and differentiate between borrowers' Risk Aversion and Ambiguity Aversion levels and their willingness to pay to resolve a mortgage default settlement negotiation. Ambiguity Aversion is found to be negatively associated with willingness to pay for borrowers with high financial literacy in both the gain and loss domains, whereas personality traits matter more for borrowers with low financial literacy. This finding is important to policymakers in that they should adopt differential resolution strategies for defaulting borrowers based on these intervening variables.

引用

页码：500 / 522

页数：23

共 50 条

[41] Urban environmental health and sensitive populations: How much are the Italians willing to pay to reduce their risks?
Alberini, Anna
Chiabai, Aline
REGIONAL SCIENCE AND URBAN ECONOMICS, 2007, 37 (02) : 239 - 258
[42] How Much Are Floridians Willing to Pay for Protecting Sea Turtles from Sea Level Rise?
Hamed, Ahmed
Madani, Kaveh
Von Holle, Betsy
Wright, James
Milon, J. Walter
Bossick, Matthew
ENVIRONMENTAL MANAGEMENT, 2016, 57 (01) : 176 - 188
[43] How Much are we Willing to Pay for Living Better Soundproofed? An Analysis for the Residential Market in Barcelona
Romo Orozco, J. M.
Marmolejo Duarte, C.
Domenech, Daumal I. F.
REVISTA DE LA CONSTRUCCION, 2013, 12 (02): : 90 - 103
[44] How much are people willing to pay for efficient waste management schemes? A benefit transfer application
Damigos, Dimitris
Kaliampakos, Dimitris
Menegaki, Maria
WASTE MANAGEMENT & RESEARCH, 2016, 34 (04) : 345 - 355
[45] How much airline customers are willing to pay: An analysis of price sensitivity in online distribution channels
Garrow, Laurie A.
Jones, Stephen P.
Parker, Roger A.
JOURNAL OF REVENUE AND PRICING MANAGEMENT, 2007, 5 (04) : 271 - 290
[46] How much airline customers are willing to pay: An analysis of price sensitivity in online distribution channels
Laurie A Garrow
Stephen P Jones
Roger A Parker
Journal of Revenue and Pricing Management, 2007, 5 (4) : 271 - 290
[47] How Much Are Floridians Willing to Pay for Protecting Sea Turtles from Sea Level Rise?
Ahmed Hamed
Kaveh Madani
Betsy Von Holle
James Wright
J. Walter Milon
Matthew Bossick
Environmental Management, 2016, 57 : 176 - 188
[48] Elements of Style in Floral Arrangements: How Discerning Are Consumers Toward Floristry Design Principles and How Much Are They Willing to Pay?
Knuth, Melinda
Woods, Vanessa
Wu, Xuan
Hall, Charlie
Palma, Marco
HORTSCIENCE, 2023, 58 (12) : 1560 - 1567
[49] How much are dyspeptic patients willing to pay for endoscopy compared with H pylori "test and treat" service?
Moayyedi, P
Duffett, S
Axon, ATR
GUT, 2000, 46 : A18 - A18
[50] Societal responsibility and moral hazard: How much are we willing to pay for quality-adjusted life?
Stevenson, Megan A.
Abbott, Daniel E.
JOURNAL OF SURGICAL ONCOLOGY, 2016, 114 (03) : 269 - 274

← 1 2 3 4 5 →