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  • 20 Feb 2009
  • News

Homeowners anxious for details

  • 23 Jul 2009
  • News

Foreclosure's unrelenting tide

  • 01 Dec 2007
  • News

Faculty Research Online

escalating home prices masked cracks in the subprime foundation. HBS lecturer Nicolas Retsinas lays out what went wrong and why. Visit http://hbswk.hbs.edu/item/5771.html. View Details
Keywords: Arts, Entertainment; Finance; Broadcasting (except Internet); Information; Data Processing, Hosting, and Related Services; Information; Manufacturing
  • 2018
  • Working Paper

Diagnostic Bubbles

By: Pedro Bordalo, Nicola Gennaioli, Spencer Yongwook Kwon and Andrei Shleifer
We introduce diagnostic expectations into a standard setting of price formation in which investors learn about the fundamental value of an asset and trade it. We study the interaction of diagnostic expectations with two well-known mechanisms: learning from prices and... View Details
Keywords: Bubbles; Price Bubble; Mathematical Methods
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  • 09 Nov 2009
  • News

The greatest real estate turnaround ever

  • 30 Dec 2009
  • News

Mass. home prices slip ever-so-slightly in October

  • Article

Memory and Representativeness

By: Pedro Bordalo, Katherine Baldiga Coffman, Nicola Gennaioli, Frederik Schwerter and Andrei Shleifer
We explore the idea that judgment by representativeness reflects the workings of episodic memory, especially interference. In a new laboratory experiment on cued recall, participants are shown two groups of images with different distributions of colors. We find that i)... View Details
Keywords: Cued Recall; Interference; Similarity; Probabilistic Judgments; Heuristics And Biases
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  • 20 Jul 2009
  • News

Spending on home improvement still bleak

  • 2024
  • Working Paper

How Inflation Expectations De-Anchor: The Role of Selective Memory Cues

By: Nicola Gennaioli, Marta Leva, Raphael Schoenle and Andrei Shleifer
In a model of memory and selective recall, household inflation expectations remain rigid when inflation is anchored but exhibit sharp instability during inflation surges, as similarity prompts retrieval of forgotten high-inflation experiences. Using data from the New... View Details
Keywords: Cognition and Thinking; Inflation and Deflation; Personal Finance
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  • 03 Jul 2009
  • News

Heavy Job Loss Prompts Stimulus Criticism

  • 20 Sep 2009
  • News

A foot in the door

  • 27 Oct 2009
  • News

Renters get little relief as demand increases

  • 28 Oct 2009
  • News

Housing gloom in state lifts a bit more

  • 03 Nov 2009
  • News

Real Estate Price Plunge Makes U.S. Homeownership Perilous Path

  • 01 Sep 2010
  • News

Noted & Quoted

90 and 95 percent of all the residential mortgages this year have been insured by, guaranteed by, or securitized by the government.” — HBS senior lecturer Nicolas Retsinas... View Details
Keywords: Securities, Commodities, and Other Financial Investments; Finance; Hospitals; Health, Social Assistance
  • January 2007 (Revised May 2009)
  • Case

Kibera and the Kenya Slum Upgrading Project (A)

By: Nicolas P. Retsinas, Arthur I Segel, Marc Diaz and John Dean Shepherd
Kenya's Minister of Housing faces tremendous pressures in dealing with the pervasive housing troubles in his country. Kibera is the largest slum in Africa and home to more than 800,000 residents, yet only measures two square kilometers, roughly half the size of... View Details
Keywords: Construction; Housing; Urban Development; Poverty; Kenya
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  • 2025
  • Working Paper

A Cognitive Theory of Reasoning and Choice

By: Pedro Bordalo, Nicola Gennaioli, Giacomo Lanzani and Andrei Shleifer
We present a theory of decisions in which attention to the features of choice options is determined by the decision maker's categorization of the current choice problem in a set of problems she solved in the past. Categorization depends on goal-relevant as well as... View Details
Keywords: Cognition and Thinking; Perception; Decision Choices and Conditions
Related
  • Conference Presentation

U.S. Housing Market: What is Next? (BNY Mellon)

By: Nicolas P. Retsinas
Keywords: Housing; United States
Related
  • 23 Oct 2018
  • First Look

New Research and Ideas, October 23, 2018

researchers to test and build new theories at a more granular level. Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=55151 forthcoming American Economic Review Beliefs about Gender By: Bordalo, Pedro, Katherine Baldiga Coffman, View Details
Keywords: Dina Gerdeman
  • September 2021
  • Article

Diagnostic Bubbles

By: Pedro Bordalo, Nicola Gennaioli, Spencer Yongwook Kwon and Andrei Shleifer
We introduce diagnostic expectations into a standard setting of price formation in which investors learn about the fundamental value of an asset and trade it. We study the interaction of diagnostic expectations with two well-known mechanisms: learning from prices and... View Details
Keywords: Bubble; Speculation; Diagnostic Expectations; Price Bubble; Mathematical Methods
Related