Information asymmetry in real estate can significantly influence the decision-making process of homeowners. Real estate agents, having more knowledge about the housing market, can use this to their advantage. They may hint at market problems to encourage faster selling or use coded language to communicate with other agents. This can lead homeowners to make decisions based on incomplete or misleading information.
Author Steven Levitt, working with journalist Stephen Dubner, shows how economic theories can be use...
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