Purpose

The purpose of this study is to evaluate the impact of theoretical knowledge related to financial behaviour and especially anchor effects.

Design/methodology/approach

The study design is based upon an experiment divided into two parts, before and after the development of the course curriculum for the course introducing behavioural finance for undergraduate real estate students.

Findings

The study concludes that the anchor effect is persistent also after introducing theoretical knowledge regarding financial behaviour and anchor effects. To conclude the results, in this study, indicates that the appraisal of properties are dependent on the individual’s cognitive capacity to mitigate anchor effects. There are epistemological assumptions underlying the belief in the individuals’ capacity to handle anchor effects that might provide biased appraisals. These assumptions need to be carefully tested and treated to increase the accuracy of property appraisals.

Practical implications

The study result also highlights the possibility that current literature in valuation, and learning activities, does not emphases and stimulate readers to critical thinking. This paper would, therefore, propose also other real estate education programmes to be aware of the potential lack of critical thinking among the students.

Originality/value

It provides an insight regarding how appraisal of properties is dependent on the individual’s cognitive capacity to mitigate anchor effects.

中文翻译：

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评估中的锚定效应：信息和理论知识重要吗？

目的

本研究的目的是评估与金融行为相关的理论知识的影响，尤其是锚定效应。

设计/方法/方法

研究设计基于一个分为两部分的实验，分别是为房地产本科生开设行为金融学课程的课程设置之前和之后。

发现

该研究得出的结论是，在引入有关金融行为和锚定效应的理论知识后，锚定效应仍然存在。总而言之，本研究中的结果表明，对财产的评估取决于个人减轻锚定效应的认知能力。在个人处理锚定效应的能力的信念的基础上有一些认识论假设，这些假设可能会提供有偏见的评估。这些假设需要仔细测试和处理，以提高财产评估的准确性。

实际影响

研究结果还强调了当前文献在评估和学习活动中没有强调和激发读者批判性思维的可能性。因此，本文还将提出其他房地产教育计划，以了解学生可能缺乏批判性思维。

原创性/价值

它提供了关于财产评估如何取决于个人减轻锚定效应的认知能力的见解。