This working paper is written by Jerry Cao (Hang Seng University of Hong Kong), Wenlian Lin (Chinese University of Hong Kong, Shenzhen) and Yong Li (University of International Business and Economics).Market liquidity evaporation is often accompanied by investors’ attention to risks. We...

Using confidential offer-level data on the US housing market, this paper examines the rounding-off heuristics in the bilateral bargaining process. We demonstrate that home sellers and home buyers follow different rounding-off heuristics. While sellers' list prices cluster more frequently around...

For newcomers in behavioural economics - whether researchers or practitioners – there exists a gap to introduce the evolution of the various research into human decision-making processes, and how it evolves into the Nudge Theory. Therefore, this paper seeks to integrate literature, laying out...