...Peter Byrne; Cath Jackson; Stephen Lee Purpose The purpose of this paper is to test the hypothesis that investment decision making in the UK direct property market does not conform to the assumption of economic rationality underpinning portfolio theory. Design/methodology/approach...

... in a decision making process, namely editing and evaluation. During the editing stage, people usually rephrase or organise options in a simplified way to facilitate judgement in the subsequent evaluation stage. There are six main operations in the editing stage, namely: 1. Coding normally refers to how...

... the respondents’ risk preferences. A survey of undergraduate and postgraduate real estate students at Oxford Brookes University was used to investigate the potential of university training to improve people's decision making, so as to enhance the rationality of their behaviour. Design/methodology/approach...

... makers (French, 1986). Nick French can be contacted at: nick.french@brookes.ac.uk © Emerald Group Publishing Limited 2008 Decision making Uncertainty management Real estate Property Investments The thesis of this paper is that uncertainty is an integral part...