@TechReport{iza:izadps:dp7484,
            	author={Fortin, Nicole M. and Hill, Andrew J. and Huang, Jeff},
            	title={Superstition in the Housing Market},
            	year={2013},
	month={Jul},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={7484},
            	url={https://www.iza.org/publications/dp7484},
	abstract={We provide the first solid evidence that Chinese superstitious beliefs can have significant effects on house prices in a North American market with a large immigrant population. Using real estate data on close to 117,000 house sales, we find that houses with address number ending in four are sold at a 2.2% discount and those ending in eight are sold at a 2.5% premium in comparison to houses with other addresses. These price effects are found either in neighborhoods with a higher than average percentage of Chinese residents, consistent with cultural preferences, or in repeated transactions, consistent with speculative behavior.},
	keywords={housing markets efficiency;lucky Chinese numbers;superstition;immigration},
            }