Do valuers have a greater tendency to adjust a previous valuation upwards or downwards?

摘要: Valuers are often aware of previous valuation figures or have knowledge transaction prices when carrying out instructions. This most frequently occurs in two important types instructions: loan security valuations and investment asset valuations. Earlier research has suggested that valuers may be biased by this knowledge. paper examines experimentally whether a greater tendency to adjust upwards they low than downwards high valuation. The is preliminary study utilising student as the group. findings experiment suggest hypothesis correct. Further suggested.