Mitigating Behavioural Influences on Decision Making within the Property Investment Process (May 2021) Discussion Paper
Much has been written on behavioural influences that interfere with rational decision-making. This Discussion Paper considers behavioural economics then looks at the decision-making process itself and how behavioural influences might be mitigated against. It explores the latter in the context of the property investment process in order to provide those involved in making decisions with a framework to understand the behavioural influences they may encounter, the circumstances in which they are likely to arise and how they might be mitigated against.
The report goes on to identify practical, actionable organisational processes that investors might adopt to mitigate behaviours and thus to lessen the potential for them to adversely influence their decisions.