Why the True Value Is Hard to Determine in Real Estate Appraisal? Aspect of the Uncertainty Principle of Quantum Physics

• Main Authors: Kuo, Chueh-Rong, 郭爵榮
• Other Authors: You, Shih-Ming
• Format: Others
• Language: zh-TW
• Published: 2015
• Online Access: http://ndltd.ncl.edu.tw/handle/39254936474686887056

碩士 === 國立臺北大學 === 不動產與城鄉環境學系 === 103 === In general, comparison approach, income approach and cost approach are the most popular approaches in the field of real estate appraisal theory. Moreover, according the rule from International Valuation Standards (IVS) and Regulations on real Estate Appraisal in Taiwan, it implies that the precise value not only has correlation with the appraisal approaches as mentioned above but vary with some certain appraisal conditions. During the procedures of real estate appraisal, the formation of final valuation is the result of a number of factors for checks and balances consideration. Therefore, the true value of real estate is hard to determine. after all, this feature as just mentioned is similar with the famous theory - Uncertainty Principle of Quantum physics. Therefore, the main purpose of this study is trying to discuss the correlation between appraisal approaches and some certain appraisal conditions and explain the reason why the precise true value is unable to determine in real estate appraisal from aspect of the uncertainty principle of quantum physics. This paper also shows the empirical result which confirms the preliminary perspective.