000			01604cam a2200289 4500
001			ABS68398
008			041013n2004 000 0 eng u
035			_a(Sirsi) u127690
100			_aDiaz, J.
245			_aMulticultural examination of valuation behaviour
260			_c2004
490			_aJournal of Property Investment and Finance _v22(4) 2004, 339-346(8)
520			_aA series of experiments were conducted to examine valuation behaviour in the UK, the US and New Zealand (NZ). Professional surveyors from all three countries participated in the study whose findings support the notion that the UK normative model is cognitively demanding and that greater departures from it result in reduced cognitive effort. The study also concluded that subjects from cultures requiring disclosure (US and NZ) examined a significantly greater number of sales than subjects from the UK where disclosure is uncommon. Finally, while valuers perhaps ought to increase sales search in unfamiliar markets, this research revealed no evidence that they did so. These findings are consistent with the need to seek cognitive efficiency and reduce cognitive effort even at the expense of performance quality. References [Taken from journal abstract].
590			_aABS
590			_aABS
650			_aVALUE ANALYSIS
650			_aVALUATION PROCESS
650			_aDISCLOSURES
650			_aSURVEYORS
650			_aUNITED KINGDOM
650			_aUNITED STATES
650			_aNEW ZEALAND
690			_aVALUATION AND INVESTMENT APPRAISAL
700			_aGallimore, P.
700			_aLevy, D.
942			_n0
999			_c118152 _d118152