University of Cambridge (UK)Ph.D. in Real Estate Economics and Finance

  • Thesis title: “WTA-WTP Disparity and Housing Decisions”
  • The Ph.D. thesis presents models that are developed on the basis of behavioural economic theories to analyse the disparity between willingness-to-accept (WTA) of home sellers and willingness-to-pay (WTP) of home buyers in the housing market. Field experiments are conducted to verify these models in the housing market. A meta-analytic review is performed on the WTA–WTP disparity studies conducted since the 1960s to offer guidance on the design of the field experiments.

University of Cambridge (UK)M.Phil. in Land Economy Research

  • Dissertation title: “Spatial Econometric Modelling of Residential Property Prices: Empirical Evidences from Washington D.C., USA”
  • The M.Phil. dissertation empirically verifies the benefit of considering spatial dependency in hedonic price modelling. By analyzing 13,923 residential property transaction records collected from Washington D.C., the results suggest that spatial error models can address the problems due to spatial-related omitted variable bias in hedonic price models, and submarket modeling is superior to aggregated modeling in terms of prediction accuracy and coefficient significance.
05/2010-09/2011 University of Cambridge (UK)Visiting student
09/2007-06/2011 Huazhong University of Science & Technology (China)B.Sc. in Financial Management