大师与神话:关于封锁的一些思考

IF 1.6 Q3 BUSINESS, FINANCE Journal of Property Investment & Finance Pub Date : 2020-07-17 DOI:10.1108/jpif-06-2020-0070
C. Lizieri
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引用次数: 1

摘要

目的本文反映了商业房地产市场参与者在决策中给予个人过度地位的倾向,并持有充其量只能得到微弱实证支持的信念设计/方法论/方法论,使用经验反射来考虑房地产市场中的制度过程正确使用“方法论”而不是作为“方法”发现的同义词是很重要的。使用反射模式,本文没有这样的“发现”:如果所表达的观点被接受,那么,理解决策过程的研究议程就是隐含的研究局限性/含义。反思的本质是它源于作者的经验过程和解释。读者可能来自不同的立场。广泛接受这些命题表明,需要对私人房地产和考虑将个人特殊决策置于分析程序之上的含义实际含义先前的研究表明,房地产中缺乏一种回溯测试文化,这种文化允许对“直觉”决策的后果进行实证分析,而不是模型分析;此外,对市场表现驱动因素的根深蒂固的信念可能会导致资源的错误配置社会影响商业地产中的资源配置对土地利用、城市和区域发展具有重要影响原创性/价值本文反映了作者基于30多年商业地产研究的观点和经验
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Maestros and mythologies: some lockdown reflections
PurposeThe paper reflects upon the tendency of participants in the commercial real estate markets to give excess status to individuals in decision-making and to hold beliefs that are at best weakly supported empirically Design/methodology/approachThe paper is reflexive in nature, using experiential reflection to consider institutional processes in the real estate market It is important to use “methodology” correctly and not as a synonym of “method” FindingsUsing reflexive mode, the paper does not have “findings” as such: if the views expressed are accepted, then a research agenda to understand decision-making processes is implied Research limitations/implicationsThe nature of reflection is that it follows from the writer's experiential processes and interpretations The reader may come from a different stance Broadly accepting the propositions points to the need for a contextual analysis of decision-making processes in private real estate and consideration of the implications of privileging individual idiosyncratic decisions over analytic procedures Practical implicationsPrior research has demonstrated the lack of a back-testing culture in real estate that would allow empirical analysis of the consequences of “gut feel” decisions overriding modelled analysis;further, entrenched beliefs about the drivers of market performance might result in misallocation of resources Social implicationsResource allocation in commercial real estate has important consequences for land use and urban and regional development Originality/valueThe paper reflects the views and experience of the author based on over 30 years of research into commercial real estate
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来源期刊
CiteScore
3.50
自引率
23.10%
发文量
33
期刊介绍: Fully refereed papers on practice and methodology in the UK, continental Western Europe, emerging markets of Eastern Europe, China, Australasia, Africa and the USA, in the following areas: ■Academic papers on the latest research, thinking and developments ■Law reports assessing new legislation ■Market data for a comprehensive review of current research ■Practice papers - a forum for the exchange of ideas and experiences
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