Home-builder confidence strong (> 50)
source: Marketwatch
A gauge of confidence among home builders remained at 60 in July, the strongest reading in almost a decade, according to National Association of Home Builders/Wells Fargo data released today (16th July 2015).
“This month’s reading is in line with recent data showing stronger sales in both the new and existing home markets as well as continued job growth,” said David Crowe, NAHB’s chief economist.
NAHB previously estimated June’s reading at 59.
-) Confidence results > 50 signal that home-construction companies are optimistic about ...
It is payback time for Greece in 2015 (faz.net)
...besonders Juli, August, September könnte ein heisser Tanz auf dem Vulkan werden!
Bildquelle: http://media1.faz.net
Some of us are highly loss averse, but in general we’re all averse to losses to some degree. Empirical estimates find that losses are felt between two and two-and-a-half as strongly as gains. Thus the disutility of losing $100 is at least twice the utility of gaining $100. Evenutally loss ...
Anchoring (heuristic)
Anchoring is a particular form of priming effect whereby initial exposure to a number serves as a reference point and influences subsequent judgments about value. The process usually occurs without our awareness (Tversky & Kahneman, 1974), and sometimes it occurs when ...