Cognitive Bias: Why Neurotic People Make This Real Estate Choice More
A paper in the Journal of Behavioral and Experimental Economics finds that personality traits are strong indicators of real-estate decisions.
Are you neurotic? You probably have a cognitive bias toward home ownership instead of renting. You'll probably opt for home ownership over renting. Do you consider yourself conscientious? It's more considerate to sign up for a fixed-rate mortgage.
Dr. Danny Ben-Shahar in Tel Aviv University's Faculty of Management and doctoral candidate Roni Golan of the Technion Institute of Technology found a correlation between personality and…