Mistake: The Effect of Previously Encountered Prices on Current Housing Demand
基于心理学对比效应，研究发现从高房价城市搬来的人会租更贵的房子，但随着时间推移，这种影响会减弱。
Based on contrast effects studies from psychology, we predicted that movers arriving from more expensive cities would rent pricier apartments than those arriving from cheaper cities. We also predicted that as people stayed in their new city they would get used to the new prices and would readjust their housing expenditures countering the initial impact of previous prices. We found support for both predictions in a sample of 928 movers from the PSID. Alternative explanations based on unobserved wealth and taste, and on imperfect information are ruled out. Copyright 2006 Royal Economic Society.