Michael Seiler

College of William and Mary - Finance

K. Dane Brooksher Endowed Chair of Real Estate & Finance

VA

United States

http://mason.wm.edu/faculty/directory/seiler_m.php

SCHOLARLY PAPERS

52

DOWNLOADS
Rank 25,257

SSRN RANKINGS

Top 25,257

in Total Papers Downloads

3,426

SSRN CITATIONS
Rank 19,341

SSRN RANKINGS

Top 19,341

in Total Papers Citations

20

CROSSREF CITATIONS

41

Scholarly Papers (52)

1.

Mental Accounting and False Reference Points in Real Estate Investment Decision-Making

Journal of Behavioral Finance, Forthcoming
Number of pages: 27 Posted: 17 Jun 2010 Last Revised: 22 Jun 2010
Michael Seiler, Vicky L. Seiler and Mark Lane
College of William and Mary - Finance, Johns Hopkins University and affiliation not provided to SSRN
Downloads 620 (72,734)

Abstract:

Loading...

mental accounting, false reference points, disposition effect, behavioral real estate

2.

Prospect Theory and a Two-way Disposition Effect: Theory and Evidence from the Housing Market

Number of pages: 62 Posted: 23 Mar 2017 Last Revised: 12 Dec 2019
Zhaohui Li, Michael Seiler and Hua Sun
Old Dominion University, College of William and Mary - Finance and Iowa State University
Downloads 262 (194,231)
Citation 1

Abstract:

Loading...

Loss Aversion, Prospect Theory, Housing Market, Disposition Effect, Price Dispersion Effect

3.

Do Institutional and Individual Investors Differ in Their Preference for Financial Skewness?

Number of pages: 37 Posted: 28 Aug 2012
Kimberly F. Luchtenberg and Michael Seiler
American University - Department of Finance and Real Estate and College of William and Mary - Finance
Downloads 238 (213,346)

Abstract:

Loading...

financial skewness, false reference points, prospect theory, lottery stocks

4.

Understanding Systematic Risk in Real Estate Markets

Number of pages: 52 Posted: 28 Aug 2012
Cristian Voicu and Michael Seiler
Investment Technology Group and College of William and Mary - Finance
Downloads 235 (216,038)

Abstract:

Loading...

The Role of Informational Uncertainty in the Decision to Strategically Default

Number of pages: 33 Posted: 12 Jul 2014
Michael Seiler
College of William and Mary - Finance
Downloads 111 (406,953)
Citation 4

Abstract:

Loading...

strategic mortgage default, informational transparency/opacity, informational uncertainty, lender recourse

The Role of Informational Uncertainty in the Decision to Strategically Default

Number of pages: 29 Posted: 05 Feb 2013
Michael Seiler
College of William and Mary - Finance
Downloads 41 (706,100)
Citation 3

Abstract:

Loading...

strategic mortgage default, informational transparency/opacity, informational uncertainty, lender recourse

Do Investors Infer Vocal Cues from CEOS During Quarterly REIT Conference Calls?

Journal of Real Estate Finance and Economics, Vol. 54, No. 4, 2017
Posted: 31 Mar 2017
S. McKay Price, Michael Seiler and Jiancheng Shen
Lehigh University - Perella Department of Finance, College of William and Mary - Finance and Soochow University, Research Centre for Smarter Supply Chain and Dongwu Business School

Abstract:

Loading...

REITs; Conference calls; Disclosure; Stock returns; Vocal cues; Layered voice

Mimetic Herding Behavior and the Decision to Strategically Default

Number of pages: 48 Posted: 03 Jul 2011 Last Revised: 28 Aug 2012
Michael Seiler, Mark Lane and David Harrison
College of William and Mary - Finance, affiliation not provided to SSRN and Texas Tech University
Downloads 113 (401,550)
Citation 9

Abstract:

Loading...

Mimetic Herding, Information Cascades, Strategic Mortgage Default, Maven

Mimetic Herding Behavior and the Decision to Strategically Default

Journal of Real Estate Finance and Economics, Vol. 49, No. 4, 2014
Posted: 15 Nov 2014
Michael Seiler, Mark Lane, Mark Lane and David Harrison
College of William and Mary - Finance, Hawaii Pacific University - College of BusinessOld Dominion University and Texas Tech University

Abstract:

Loading...

Mimetic herding; Strategic mortgage default; Maven; Signal strength

The Paradox of Judicial Foreclosure: Collateral Value Uncertainty and Mortgage Rates

Number of pages: 53 Posted: 18 Mar 2013
David M. Harrison and Michael Seiler
UCF and College of William and Mary - Finance
Downloads 58 (604,619)
Citation 1

Abstract:

Loading...

judicial foreclosure, power of sale foreclosure, collateral value uncertainty, mortgage rate quotes

The Paradox of Judicial Foreclosure: Collateral Value Uncertainty and Mortgage Rates

Number of pages: 54 Posted: 13 Jul 2014
David M. Harrison and Michael Seiler
UCF and College of William and Mary - Finance
Downloads 48 (661,176)
Citation 1

Abstract:

Loading...

judicial foreclosure, power of sale foreclosure, collateral value uncertainty, mortgage rate quotes

9.

Familiarity Bias and Perceived Future Home Price Movements

Journal of Behavioral Finance, Forthcoming
Number of pages: 41 Posted: 18 Mar 2011 Last Revised: 22 Jun 2011
College of William and Mary - Finance, Johns Hopkins University, UCF and affiliation not provided to SSRN
Downloads 103 (426,832)

Abstract:

Loading...

familiarity bias, behavioral real estate, status quo deviation aversion, increasing status quo deviation aversion

10.

Deriving the Rent Versus Buy Decision in the Absence of Expected Home Price Appreciation or Risk Premia

Number of pages: 12 Posted: 28 Aug 2012
Cristian Voicu and Michael Seiler
Investment Technology Group and College of William and Mary - Finance
Downloads 100 (435,678)

Abstract:

Loading...

Rent versus Buy, Housing Derivatives, CME Futures

11.

Mortgage Modification and the Decision to Strategically Default: A Game Theoretic Approach

Number of pages: 28 Posted: 28 Dec 2012
Andy Collins, David M. Harrison and Michael Seiler
Old Dominion University, UCF and College of William and Mary - Finance
Downloads 88 (473,061)
Citation 2

Abstract:

Loading...

strategic mortgage default, loan modification, game theory, agent-based modeling

12.

ETF Short Shares: The Next Stage in the Evolution of REIT Ownership

Journal of Real Estate Portfolio Management, Vol. 15, No. 1, 2009
Number of pages: 26 Posted: 18 Mar 2011
Michael Seiler and Vicky L. Seiler
College of William and Mary - Finance and Johns Hopkins University
Downloads 86 (479,786)

Abstract:

Loading...

Portfolio Analysis, ETF, Short Shares, REITs

13.

Hyperbolic Discounting, Reference Dependence and Its Implications for the Housing Market

Journal of Real Estate Research, 2012
Number of pages: 37 Posted: 28 Aug 2012
Hua Sun and Michael Seiler
Iowa State University and College of William and Mary - Finance
Downloads 85 (483,254)

Abstract:

Loading...

Hyperbolic Discounting, Loss Aversion, Repeat-Sales Index

14.

Measuring Service Quality with Instrument Variation in an SEM Framework

Journal of Housing Research, Vol. 19, No. 1, 2010
Number of pages: 36 Posted: 18 Mar 2011
Johns Hopkins University, College of William and Mary - Finance, affiliation not provided to SSRN, Western Sydney University - School of Economics and Finance and Cleveland State University
Downloads 77 (512,240)

Abstract:

Loading...

Service Quality, Structural Equation Modeling, Residential Real Estate Brokerage

15.

Building a Green Home Fit for a President

Journal of Real Estate Practice and Education, Forthcoming
Number of pages: 28 Posted: 16 Jun 2010 Last Revised: 11 Jun 2014
Michael Seiler
College of William and Mary - Finance
Downloads 77 (512,240)

Abstract:

Loading...

16.

The Political Economy of Green Industrial Warehouses

Journal of Sustainable Real Estate, 2011
Number of pages: 37 Posted: 28 Aug 2012
David M. Harrison and Michael Seiler
UCF and College of William and Mary - Finance
Downloads 75 (519,898)

Abstract:

Loading...

Industrial warehouse, green building, political economy

17.

How to Resolve a Chapter 11 Bankruptcy Involving Distressed Real Estate Assets

Journal of Real Estate Practice and Education, Forthcoming
Number of pages: 21 Posted: 22 Jun 2011
Dr. Margot Weinstein, David Harrison and Michael Seiler
MW Leadership Consultants LLC, Texas Tech University and College of William and Mary - Finance
Downloads 75 (519,898)

Abstract:

Loading...

Chapter 11, Bankruptcy, Real estate, Home-Builder

18.

Strategic Mortgage Default and the Decision to Follow the Herd: A Neurological Explanation

Number of pages: 38 Posted: 28 Dec 2012
Michael Seiler, Eric Walden, Mark Lane and Mark Lane
College of William and Mary - Finance, Texas Tech University - Area of Information Systems and Quantitative Sciences (ISQS) and Hawaii Pacific University - College of BusinessOld Dominion University
Downloads 73 (527,928)

Abstract:

Loading...

neurological finance, forensic finance, fMRI, strategic mortgage default, herding

19.

Should an Eminent Domain Property Taking Be Allowed to Cause a Mortgage Default and Possibly Bankruptcy?

Journal of Real Estate Practice and Education, July 2012
Number of pages: 23 Posted: 28 Aug 2012
Chuck DuVal and Michael Seiler
affiliation not provided to SSRN and College of William and Mary - Finance
Downloads 71 (536,097)

Abstract:

Loading...

eminent domain, underwater mortgages, foreclosure, bankruptcy

20.

The Role of Profit, Law, and Ethics in Residential Real Estate Investments

Journal of Real Estate Practice and Education, Vol. 12, No. 2, pp. 157-171, 2009
Number of pages: 22 Posted: 18 Mar 2011
College of William and Mary - Finance, Johns Hopkins University, Texas Tech University and American University - Department of Finance and Real Estate
Downloads 64 (566,371)

Abstract:

Loading...

21.

Lender Characteristics and the Neurological Reasons for Strategic Mortgage Default

Number of pages: 30 Posted: 28 Dec 2012
Michael Seiler and Eric Walden
College of William and Mary - Finance and Texas Tech University - Area of Information Systems and Quantitative Sciences (ISQS)
Downloads 63 (570,840)
Citation 4

Abstract:

Loading...

strategic mortgage default, loan modification, neurological finance, fMRI

22.

Determinants of the Strategic Mortgage Default Cumulative Distribution Function

Number of pages: 24 Posted: 12 Jul 2014
Michael Seiler
College of William and Mary - Finance
Downloads 62 (575,291)
Citation 1

Abstract:

Loading...

strategic mortgage default; morality; real estate law; cumulative distribution function

23.

Forward and Falsely Induced Reverse Information Cascades

Journal of Behavioral Finance, Forthcoming
Number of pages: 34 Posted: 22 Jun 2011
Michael Seiler
College of William and Mary - Finance
Downloads 59 (589,354)

Abstract:

Loading...

Information Cascade, Forward Cascade, Falsely Induced Reverse Cascade, Mavens, Social Connectors

24.

Hyperbolic Discounting, Reference Dependence, and Its Implications for the Housing Market

Journal of Real Estate Research, Vol. 35, No. 1, 2013
Number of pages: 24 Posted: 21 Mar 2013
Hua Sun and Michael Seiler
Iowa State University and College of William and Mary - Finance
Downloads 53 (619,869)
Citation 1

Abstract:

Loading...

loss aversion, price-volume relationship, price dispersion

25.

Strategic Default in the Context of a Social Network: An Epidemiological Approach

Research Institute for Housing America Research Paper No. 11-04
Number of pages: 62 Posted: 17 Nov 2011
Michael Seiler, Andy Collins and Nina H. Fefferman
College of William and Mary - Finance, Old Dominion University and affiliation not provided to SSRN
Downloads 51 (630,638)
Citation 6

Abstract:

Loading...

26.

The Role of Prospect Theory in the Perceived Moral Reprehensibility of Strategic Mortgage Default

Number of pages: 37 Posted: 13 Jul 2014
Michael Seiler
College of William and Mary - Finance
Downloads 50 (636,020)
Citation 1

Abstract:

Loading...

strategic mortgage default, prospect theory, morality, distressed loan settlement offers

27.

Understanding the Prevalence and Implications of Homeowner Money Illusion

Journal of Behavioral and Experimental Finance, Forthcoming
Number of pages: 36 Posted: 16 Mar 2013 Last Revised: 12 Jul 2014
Michael Seiler
College of William and Mary - Finance
Downloads 49 (641,586)
Citation 1

Abstract:

Loading...

money illusion, false reference points, residential real estate, forecasts, expectations.

28.

Understanding the Far Reaching Societal Impact of Strategic Mortgage Default

Number of pages: 19 Posted: 12 Jul 2014
Michael Seiler
College of William and Mary - Finance
Downloads 48 (647,225)
Citation 1

Abstract:

Loading...

strategic mortgage default, morality, real estate law, health

29.

Latin Hypercube Sampling and the Identification of the Foreclosure Contagion Threshold

Journal of Behavioral Finance, May 31, 2011
Number of pages: 33 Posted: 28 Aug 2012
Marshall Gangel, Michael Seiler and Andy Collins
Old Dominion University, College of William and Mary - Finance and Old Dominion University
Downloads 45 (664,592)

Abstract:

Loading...

emergent behavior, foreclosure contagion threshold, agent-based models, Latin hypercube sampling

30.

Do Liquidated Damages Clauses Affect Strategic Mortgage Default Morality?: A Test of the Disjunctive Thesis

Number of pages: 30 Posted: 12 Jul 2014
Michael Seiler
College of William and Mary - Finance
Downloads 43 (676,612)

Abstract:

Loading...

strategic mortgage default, disjunctive thesis, liquidated damages, morality, legal contracts

31.

Decomposing Underwriting Spreads for GSEs and Frequent Issuer Financial Firms

Journal of Real Estate Portfolio Management, 2012
Number of pages: 41 Posted: 28 Aug 2012
David Harrison, Andrea J. Heuson and Michael Seiler
Texas Tech University, University of Miami - Department of Finance and College of William and Mary - Finance
Downloads 42 (682,873)

Abstract:

Loading...

GSE, underwriting spreads, debt issuance, housing crisis

32.

A Theoretical and Simulation-Based Examination of Single versus Dual Agent Models in China's Housing Market

Number of pages: 28 Posted: 12 Jul 2014
Yang Zhang, Hong Zhang and Michael Seiler
Beijing Forestry University, Tsinghua University and College of William and Mary - Finance
Downloads 41 (689,128)

Abstract:

Loading...

residential brokerage, buyer’s agent, seller’s agent, principal-agent theory, China

33.

Calibrating the Inputs of Optimal Portfolios Using CME Housing Futures

Number of pages: 20 Posted: 26 Nov 2012
Cristian Voicu and Michael Seiler
Investment Technology Group and College of William and Mary - Finance
Downloads 40 (695,646)

Abstract:

Loading...

Housing Derivatives, Optimal Portfolios, Hedging Strategies

The Effect of Perceived Lender Characteristics and Market Conditions on Strategic Mortgage Defaults

Journal of Real Estate Finance and Economics, Forthcoming
Number of pages: 41 Posted: 28 Dec 2012
Michael Seiler
College of William and Mary - Finance
Downloads 32 (772,729)

Abstract:

Loading...

strategic mortgage default, loan modifications, inequity aversion, lender characteristics

The Effect of Perceived Lender Characteristics and Market Conditions on Strategic Mortgage Defaults

Journal of Real Estate Finance and Economics, Vol. 48, No. 2, 2014
Posted: 18 Jan 2014
Michael Seiler
College of William and Mary - Finance

Abstract:

Loading...

Strategic mortgage default; Loan modifications; Inequity aversion; Lender characteristics

Advisor Choice in Asia-Pacific Property Markets

Journal of Real Estate Finance and Economics, Forthcoming
Number of pages: 50 Posted: 28 Dec 2012
Texas Tech UniversityMarquette University, UCF and College of William and Mary - Finance
Downloads 25 (831,400)

Abstract:

Loading...

REITs, Advisor Choice, International Real Estate, Soft Information

Advisor Choice in Asia-Pacific Property Markets

Journal of Real Estate Finance and Economics, Vol. 48, No. 2, 2014
Posted: 18 Jan 2014
Texas Tech UniversityMarquette University, Texas Tech University and College of William and Mary - Finance

Abstract:

Loading...

REITs; Advisor choice; International real estate; Soft information

36.

Perceived Versus Actual Susceptibility to Normative Influence in the Presence of Defaulting Landlords

Review of Behavioral Finance, July 2011
Number of pages: 36 Posted: 28 Aug 2012
Michael Seiler and David M. Harrison
College of William and Mary - Finance and UCF
Downloads 23 (823,372)

Abstract:

Loading...

Susceptibility to Normative Influence, Falsely Induced Revealed Preferences, Residential Rental Market, Mortgage Defaults

37.

Capital Structure and Political Risk in Asia-Pacific Real Estate Markets

Journal of Real Estate Finance and Economics, Vol. 53, No. 2, 2016
Posted: 22 Jun 2016
Texas Tech UniversityMarquette University, UCF and College of William and Mary - Finance

Abstract:

Loading...

Capital Structure; Political Risk; Asia-Pacific REITs

38.

A Neurological Explanation of Strategic Mortgage Default

Journal of Real Estate Finance and Economics, Vol. 51, No. 2, 2015
Posted: 02 Sep 2015
Michael Seiler and Eric Walden
College of William and Mary - Finance and Texas Tech University - Area of Information Systems and Quantitative Sciences (ISQS)

Abstract:

Loading...

Neurological real estate; Forensic real estate; fMRI; Strategic mortgage default

39.

Fear, Shame, and Guilt: Economic and Behavioral Motivations for Strategic Default

Real Estate Economics, Forthcoming
Posted: 22 Feb 2012
College of William and Mary - Finance, Johns Hopkins University, Hawaii Pacific University - College of BusinessOld Dominion University and UCF

Abstract:

Loading...

strategic default, bankruptcy laws, foreclosure laws, behavioral real estate

40.

Toward an Understanding of Real Estate Homebuyer Internet Search Behavior: An Application of Ocular Tracking Technology

Journal of Real Estate Research, Forthcoming
Posted: 03 Jul 2011 Last Revised: 28 Aug 2012
Michael Seiler, Poornima Madhavan and Molly Liechty
College of William and Mary - Finance, Old Dominion University and Old Dominion University

Abstract:

Loading...

ocular tracking, behavioral real estate, charm pricing, buyer search behavior

41.

The Political Economy of Green Building

Journal of Property Investment and Finance, Forthcoming
Posted: 22 Jun 2011
David Harrison and Michael Seiler
Texas Tech University and College of William and Mary - Finance

Abstract:

Loading...

green real estate, political ideology, LEED, Energy Star

42.

Behavioral Finance and its Implication in the Use of the Black-Litterman Model

Journal of Real Estate Portfolio Management, Forthcoming
Posted: 22 Jun 2011
Charlotta Mankert and Michael Seiler
Royal Institute of Technology (KTH) - Department of Industrial Economics and Management (INDEK) and College of William and Mary - Finance

Abstract:

Loading...

Portfolio Theory, Black-Litterman, Markowitz Allocation, Real Estate

43.

Mathematical Derivations and Practical Implications for the Use of the Black-Litterman Model

Journal of Real Estate Portfolio Management, Forthcoming
Posted: 22 Jun 2011
Charlotta Mankert and Michael Seiler
Royal Institute of Technology (KTH) - Department of Industrial Economics and Management (INDEK) and College of William and Mary - Finance

Abstract:

Loading...

Black-Litterman, weight-on-views, derivation

44.

REIT Performance and Lines of Credit

Journal of Real Estate Portfolio Management, Vol. 17, No. 1, 2011
Posted: 22 Jun 2011
UCF, American University - Department of Finance and Real Estate and College of William and Mary - Finance

Abstract:

Loading...

Lines of Credit, REIT, Operating Performance, FFO

45.

Identifying Behavioral Explanations for a Subset of the Real Estate Shadow Market

Journal of Housing Research, Forthcoming
Posted: 22 Jun 2011
Mark Lane, Michael Seiler and Vicky L. Seiler
affiliation not provided to SSRN, College of William and Mary - Finance and Johns Hopkins University

Abstract:

Loading...

shadow market, familiarity bias, false reference points, status quo deviation aversion, behavioral real estate

46.

The Psychology Behind Why Underwater Investment Properties are Not Listed for Sale

Advances in Behavioral Finance & Economics, Forthcoming
Posted: 22 Jun 2011
Michael Seiler, Mark Lane and Vicky L. Seiler
College of William and Mary - Finance, affiliation not provided to SSRN and Johns Hopkins University

Abstract:

Loading...

behavioral real estate, familiarity bias, false reference point, status quo deviation aversion

Exploring the Foreclosure Contagion Effect Using Agent-Based Modeling

Journal of Real Estate Finance and Economics, Forthcoming
Posted: 22 Jun 2011
Marshall Gangel, Michael Seiler and Andy Collins
Old Dominion University, College of William and Mary - Finance and Old Dominion University

Abstract:

Loading...

foreclosure contagion effect, disposition time, agent-based modeling

Exploring the Foreclosure Contagion Effect Using Agent-Based Modeling

Journal of Real Estate Finance and Economics, Vol. 46, No. 2, 2013
Posted: 13 Feb 2013
Marshall Gangel, Michael Seiler and Andy Collins
Old Dominion University, College of William and Mary - Finance and Old Dominion University

Abstract:

Loading...

Foreclosure contagion effect, Disposition time, Agent-based modeling

48.

Influencing Real Estate Thought and Decision-Making Through Research and Education: The Past, Present, and Future of ARES

Journal of Real Estate Research, Vol. 33, No. 2, 2011
Posted: 22 Jun 2011
Stephen A. Pyhrr, Michael Seiler and Larry E. Wofford
affiliation not provided to SSRN, College of William and Mary - Finance and affiliation not provided to SSRN

Abstract:

Loading...

Deriving Optimal Portfolios for Hedging Housing Risk

Journal of Real Estate Finance and Economics, Forthcoming
Posted: 21 Jun 2011
Cristian Voicu and Michael Seiler
Investment Technology Group and College of William and Mary - Finance

Abstract:

Loading...

Housing Derivatives, Optimal Portfolio Derivation, Hedging Strategies

Deriving Optimal Portfolios for Hedging Housing Risk

Journal of Real Estate Finance and Economics, Vol. 46, No. 3, 2013
Posted: 14 Feb 2013
Cristian Voicu and Michael Seiler
Investment Technology Group and College of William and Mary - Finance

Abstract:

Loading...

Housing derivatives, Optimal portfolio derivation, Hedging strategies

Financial Opacity and Firm Performance: The Readability of REIT Annual Reports

Journal of Real Estate Finance and Economics, Forthcoming
Posted: 21 Jun 2011
University of Vermont - School of Business Administration, Texas Tech University, American University - Department of Finance and Real Estate and College of William and Mary - Finance

Abstract:

Loading...

REIT Readability, Sarbanes-Oxley, Opacity, Disclosure

Financial Opacity and Firm Performance: The Readability of REIT Annual Reports

Journal of Real Estate Finance and Economics, Vol. 45, No. 2, 2012
Posted: 30 Aug 2012
University of Vermont - School of Business Administration, UCF, American University - Department of Finance and Real Estate and College of William and Mary - Finance

Abstract:

Loading...

REITs, Opacity, Performance, Readibility, Cost of Capital

51.

Contingent Choice Behavioral Models in the Presence of Information Uncertainty

Journal of Real Estate Portfolio Management, Vol. 16, No. 3, 2010
Posted: 21 Jun 2011
University of Vermont - School of Business Administration, UCF, American University - Department of Finance and Real Estate and College of William and Mary - Finance

Abstract:

Loading...

52.

Mitigating Investor Risk Seeking Behavior in a Down Real Estate Market

Journal of Behavioral Finance, 2010
Posted: 17 Jun 2010 Last Revised: 23 Aug 2010
Michael Seiler and Vicky L. Seiler
College of William and Mary - Finance and Johns Hopkins University

Abstract:

Loading...