Thursday, April 28, 2005

Bubble, bubble toil and trouble


Oh and more on why Freakonomics is interesting:

They also discovered large disparities in the language used in the listings of agent versus non-agent homes. The agent's listings used words that evoke specific, luxurious images, while listings for non-agent houses used vague, nebulous language. The more evocative language resulted in an average of 3+% higher sales prices.

Correlated To Higher Sales Price
Granite

Correlated To Lower Sales Price
Fantastic

Correlated To Higher Sales Price
State-of-the-art

Correlated To Lower Sales Price
Spacious

Correlated To Higher Sales Price
Corian

Correlated To Lower Sales Price
!

Correlated To Higher Sales Price
Maple

Correlated To Lower Sales Price
Charming

Correlated To Higher Sales Price
Gourmet

Correlated To Lower Sales Price
Great neighborhood


(Thanks to Shaun for the nice summary!)