This study examines the predictive abilities of Morningstar ratings with respect to the future relative performance of real estate mutual funds. It also looks at the persistence of the rating system. Morningstar ratings and real estate mutual fund returns are analysed over the five-year period...

This study investigates the impact of experience upon trained behaviours in real estate investment decision‐making. In a controlled experiment design, two groups of subjects, experts and novices, conduct an evaluation and reach a decision about two investment options. Using a process‐tracing...