Do valuers have a greater tendency to adjust a previous valuation upwards or downwards?
Series: Journal of Property Investment and Finance ; 17(4) 1999, 365-373(5)Publication details: 1999Subject(s): Summary: Valuers are often aware of previous valuation figures or have knowledge of transaction prices. This most frequently occurs in loan security valuations and investment asset valuations. Earlier research has suggested that valuers may be biased by this knowledge. Examines experimentally whether valuers have a greater tendency to adjust a valuation upwards when they have knowledge of a previous low valuation than they are to adjust a valuation downwards when they have knowledge of a previous high valuation. Preliminary findings suggest this is the case.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS61282 (Browse shelf(Opens below)) | 1 | Available | 101908-1001 |
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Valuers are often aware of previous valuation figures or have knowledge of transaction prices. This most frequently occurs in loan security valuations and investment asset valuations. Earlier research has suggested that valuers may be biased by this knowledge. Examines experimentally whether valuers have a greater tendency to adjust a valuation upwards when they have knowledge of a previous low valuation than they are to adjust a valuation downwards when they have knowledge of a previous high valuation. Preliminary findings suggest this is the case.