Valuation tools and politicians’ willingness to sell public real estate: a survey experiment
通过对比利时佛兰德地区政治家的调查实验，研究了估值工具类型、估值结果和资产显著性如何影响他们出售公共房地产的意愿，发现认知偏差会削弱估值工具的理性化作用。
Public managers often employ valuation tools to support policymakers. These tools are expected to rationalize decision-making. Using a vignette-based, randomized survey experiment with Flemish politicians, the authors study the effect of the type of valuation tool, valuation outcome, and asset salience on politicians’ willingness to sell public real estate assets. The purpose is to test whether valuation tools indeed spark rational reactions from politicians, thus demonstrating their value as decision-making support. Findings suggest that cognitive biases emerge when politicians are confronted with valuation tools. Public managers need to take those biases in account when employing valuation tools.