Dual process of dual motives in real estate market Indonesia

Njo Anastasia, - and I Made Narsa, - and Andry Irwanto, - (2018) Dual process of dual motives in real estate market Indonesia. International Journal of Housing Markets and Analysis, 12 (1). pp. 25-42. ISSN 1753-8270

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Official URL: https://www.emerald.com/insight/content/doi/10.110...

Abstract

Purpose The dual process of thinking between conscious processes and unconscious processes generate a different decision. Thinking consciously produces rational decisions. However, a person’s cognitive limitation makes him or her simplify complex scenarios and think implicitly result in making decision in heuristics or rules of thumbs. This paper aims to evaluate patterns of decision-making relationships and dual motives for home purchasing by first home buyers and family life cycle in Indonesia. Design/methodology/approach Collecting data was done by distributing questionnaires to home buyers within three years (2013-2016). Further data were processed using ANOVA based on group of dual motives, time for buyer and family life cycle. Findings The results show that buyers have consumption motives in buying a residence and they behave rational, while investors prefer to buy an apartment and tend to behave heuristics. Dual motives of time for buyers are not significant to decision model. Family life cycle is significant to decision model based on dual motives. Originality/value This is an unpublished dissertation study to qualify for graduation.

Item Type: Article
Uncontrolled Keywords: Heuristics, Rational, Dual motives, Dual process, Family life cycle, Time for buyer
Subjects: H Social Sciences
H Social Sciences > HD Industries. Land use. Labor > HD5701-6000.9 Labor market. Labor supply. Labor demand
H Social Sciences > HG Finance
Divisions: 04. Fakultas Ekonomi dan Bisnis > Doktoral Ilmu Akuntansi
Creators:
CreatorsNIM
Njo Anastasia, -UNSPECIFIED
I Made Narsa, -NIDN0027066503
Andry Irwanto, -UNSPECIFIED
Depositing User: Tn Sugeng Riyanto
Date Deposited: 11 Jan 2023 03:06
Last Modified: 11 Jan 2023 03:06
URI: http://repository.unair.ac.id/id/eprint/119434
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