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  • October 2022
  • Exercise

Shanty Real Estate: Updated Confidential Information for Homebuyer

By: Michael Luca, Jesse M. Shapiro and Nathan Sun
  • Format:Print
  • | Language:English
  • | Pages:2
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Abstract

Shanty is a simulation in which students inhabit the role of either a traditional home buyer or an iBuyer, both bidding on the same condo. The traditional home buyer has access to a “comp sheet” of similar properties that have recently sold, and has done a walkthrough. The iBuyer has access to an automated valuation model powered by real, large-scale market transaction data, but has not seen the property in person. The simulation provides students with an opportunity for experiential learning around the use of data and algorithms to inform market decisions.
This role is the updated confidential information for homebuyers, to be distributed for a second round of play. It is one of eight role documents to be assigned to students in the simulation.

Keywords

Algorithm; Decision Choices and Conditions; Decision Making; Market Timing; Measurement and Metrics

Citation

Luca, Michael, Jesse M. Shapiro, and Nathan Sun. "Shanty Real Estate: Updated Confidential Information for Homebuyer." Harvard Business School Exercise 923-022, October 2022.
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About The Author

Jesse M. Shapiro

Entrepreneurial Management
→More Publications

Related Work

    • January 2023 (Revised January 2024)
    • Faculty Research

    Shanty Real Estate: Teaching Note

    By: Michael Luca, Jesse M. Shapiro and Nathan Sun
Related Work
  • Shanty Real Estate: Teaching Note By: Michael Luca, Jesse M. Shapiro and Nathan Sun
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