A Taxonomic Field Investigation into Induced Bias in Residential Real Estate Appraisals
A taxonomic approach to field research was developed and utilized to support empirical and experimental research findings into the impact that incentives/pressures to over-value have on systematic valuation bias. An expected no-bias population was defined and valuation judgments from actual, real-world appraisals were statistically tested against it. The judgments of appraisers presented with no incentive/pressure to over-value were consistent with the no-bias population, while the judgments of appraisers presented with incentive/pressure to over-value were significantly incompatible with the defined no bias population.
Year of publication: |
2010
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Authors: | Julian, Diaz ; Hansz J. |
Published in: |
International Journal of Strategic Property Management. - De Gruyter Open. - Vol. 14.2010, 1, p. 3-17
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Publisher: |
De Gruyter Open |
Subject: | Real estate appraisal | Mortgage lending | Valuation judgment | Default risk | Client-agent impacts | Liquidity Crisis of 2008 |
Saved in:
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