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Ethical Choice in Real Estate: Selected Perspectives from Economics, Psychology, and Sociology

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Book cover Ethics in Real Estate

Part of the book series: Research Issues in Real Estate ((RIRE,volume 5))

Abstract

This chapter considers real estate ethics from the perspective of choice, or decision making, under uncertainty. The emphasis is on initiating a synthesis between economics, psychology, and sociology in order to broaden the scope of explorations of choice in real estate ethics. Starting with the generally accepted normative decision-making framework provided by rational choice theory, the study explores findings in psychology and sociology that describe how humans make decisions in the real world. Some of these findings may be useful in adding to the understanding of decision making provided by rational choice theory. It is suggested that a multidisciplinary framework, combining philosophy and science, is essential for significant progress in real estate ethics. Possible preliminary elements of such a framework are presented in the appendix.

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Authors and Affiliations

  1. C & L Systems Corporation, Tulsa, Oklahoma, USA

    Larry E. Wofford

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  1. Larry E. Wofford
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Stephen E. Roulac

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Wofford, L.E. (1999). Ethical Choice in Real Estate: Selected Perspectives from Economics, Psychology, and Sociology. In: Roulac, S.E. (eds) Ethics in Real Estate. Research Issues in Real Estate, vol 5. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-2995-5_2

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  • DOI: https://doi.org/10.1007/978-1-4757-2995-5_2

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4419-5049-9

  • Online ISBN: 978-1-4757-2995-5

  • eBook Packages: Springer Book Archive

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