Between Carrots And Sticks, From Intentions To Actions: Behavioural Interventions For Housing Decisions

Abstract

Through a systematic and critical review of the literature, we assembled a list of behavioural biases identified in the housing market and a taxonomy of behavioural interventions tested extensively in the last two decades. Based on these findings, we developed an analytical framework for behavioural interventions for housing decisions. We suggest that behavioural interventions have the most significant potential in areas where market incentives and government regulations are ineffective. The application of behavioural interventions in the housing market should focus on encouraging and supporting decision-makers to narrow the intention-action gap.