Experience and real estate investment decision‐making: a process‐tracing investigation

Autor:	Paul Gallimore, Vivek Sah, John Sherwood Clements
Rok vydání:	2010
Předmět:	Urban Studies Actuarial science Relation (database) Order (exchange) Normative model of decision-making Compensation (psychology) Process tracing Component (UML) Geography Planning and Development Real estate Investment (macroeconomics) Psychology
Zdroj:	Journal of Property Research. 27:207-219
ISSN:	1466-4453 0959-9916
DOI:	10.1080/09599916.2010.518402
Popis:	This study investigates the impact of experience upon trained behaviours in real estate investment decision‐making. In a controlled experiment design, two groups of subjects, experts and novices, conduct an evaluation and reach a decision about two investment options. Using a process‐tracing technique, each subject’s behaviour is observed and recorded. Differences between the groups are discovered in relation to some behaviour characteristics, but experience appears not to impact all behaviours. These findings are discussed in relation to the current absence of a universal normative model of real estate investment decision‐making. In an associated component of the study, the belief that monetary compensation is needed in order to render valid results from studies such as this is tested. We find this not to be the case.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::5ef354edc83375811c8627681bd11cb3 https://doi.org/10.1080/09599916.2010.518402 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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