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Housing Bubble Week: Housing Bubbles As Availability Cascades - Timur Kuran
The Joe Walker Podcast
The Importance of anAvailability Cascade
Timor Karan says the best way to model housing bubbles is as 'availability cascades' An availability cascade combines three concepts. It prioritizes to different degrees, mental shortcuts and social relationships. This combined cascade is mediated by the available heuristic. Timor Karan: I think we can do one better than Morgan Kelly or Robert Shiller.
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