Lily Shen

Posts tagged “large language models”

AI in Real Estate Finance

How to build auditable AI text measures for economic research: a two-step method

A practical method for using large language models as measurement tools in economics and finance. The model discovers the vocabulary for each economic category across the full corpus; a fixed, published vocabulary then scores every document, so results are reproducible, traceable phrase by phrase, and testable out of sample.

AI in Real Estate Finance

Cheap talk or priced information? What listing remarks do to prices, bargaining, and marketing time

Summary of my working paper Cheap Talk or Priced Information? In 63,067 Atlanta MLS transactions, residual listing information is associated with 7.7 percent higher sale prices and 2.5 fewer days on market, adverse disclosure with 17.4 percent lower sale prices, and urgency language with 4.7 percent lower sale prices, showing that remarks carry priced information beyond structured MLS fields.

All tags