Do People Overreact? Evidence from the Housing Market After the Wenchuan Earthquake
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The authors gratefully acknowledge financial support from the Private Enterprise Research Center (PERC) of Texas A&M University; the Fundamental Research Funds for the Central Universities of China (Fund Number: skqy201328); the National Natural Science Foundation of China (Fund Number: 71203149) and the “985 Project Three Phase (Study on the China Economic Development)” of Sichuan University. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.