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Incentives drive behavior (not 100%, but hugely influenced). When real estate agents are incented to sell,your house quickly (vs. at the highest price possible)
by kalid 13y ago
Incentives drive behavior (not 100%, but hugely influenced). When real estate agents are incented to sell,your house quickly (vs. at the highest price possible)... they sell your house quickly, and not the highest price possible. For their own houses, they of course go for the highest price.
http://freakonomics.com/2008/02/26/real-estate-agents-revisited/ http://freakonomics.com/2008/02/26/real-estate-agents-revisi...