Electrical Engineering and Computer Science Faculty Publications

Document Type

Conference Proceeding

Publication Title

Proceedings of the International Florida Artificial Intelligence Research Society Conference, FLAIRS

Abstract

Public availability of computer generated predictions can change the markets and its impact is here investigated with a game theoretic approach. Real estate inflation is not a new phenomenon but its consistent and almost monotonous persistence over unusually many years, coinciding with new prominence of public estimation information from successful Mass Real Estate Estimators (MREE) already caused various independent research organizations to investigate potential links. What we model is a repetitive theoretical game between the MREEs and the home owners, where each player has secret information and expertise. In contrast to competing results, for our model and simulations a restriction of MREE-style price estimation availability to opt-in properties may help partially reduce an inflationary pressure. Copyright © 2024 by the authors.

DOI

10.32473/flairs.37.1.135528

Publication Date

2024

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