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Valuation without Value Theory: A North American “Appraisal”

2003· article· en· W2177830104 on OpenAlexaff
J.F. Canonne, Roderick A. Macdonald

Bibliographic record

VenueJournal of Real Estate Practice and Education · 2003
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicHousing Market and Economics
Canadian institutionsUniversité du Québec à Montréal
Fundersnot available
KeywordsValuation (finance)Positive economicsReal estateEstateCompetence (human resources)Value (mathematics)Critical appraisalEconomicsFoundation (evidence)SociologyEpistemologyManagementLawPolitical scienceAccountingComputer sciencePhilosophyFinance

Abstract

fetched live from OpenAlex

Executive Summary: Competence supposes a professional foundation that includes a solid understanding of theory and its historical development. In real estate appraisal, for example, this theory is that of economic value, and its history spans from Xenophon to Ricardo and from Marx to Hobson. This literature review shows that the core of real estate appraisal literature has little place for this theoretical foundation, and allocates even fewer pages to the history of economic value. Appraisers face the challenge of erecting the edifice of basic concepts, laws and principles in appraisal so that the field can advance from art to science, and from trade to profession.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.002
metaresearch head score (Gemma)0.002
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.669
Threshold uncertainty score0.405

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0020.002
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.001
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.026
GPT teacher head0.300
Teacher spread0.274 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designNot applicable
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations23
Published2003
Admission routes1
Has abstractyes

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