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Shanty Real Estate: Teaching Note Supplement

By: Michael Luca
  • Format:Electronic
  • | Language:English
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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.

Keywords

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

Citation

Luca, Michael. "Shanty Real Estate: Teaching Note Supplement." Harvard Business School Spreadsheet Supplement 923-715, February 2023.

About The Author

Michael Luca

Negotiation, Organizations & Markets
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