When prices of homes with pools take a dip

In the winter, the water doesn’t look so appealing, so potential buyers are less likely to shell out extra bucks for a swimming pool.

Their findings, "Projection Bias in the Car and Housing Markets," were published in June by the National Bureau of Economic Research. Their research falls into the broader category of behavioral economics, giving insights into the psychology of spending, such as why some people spend more money at the grocery store when they're hungry.

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