... Emerald Publishing Limited Licensed re-use rights only Property valuation Monte Carlo simulation Professional standards Valuation uncertainty Discounted cash flow Probability distributions Disclosure The Royal Institution of Chartered Surveyors (RICS) Independent Review of Real...

...Matthew S Myers; Neil A Dunse; Neville Hurst; Koorosh Gharehbaghi Purpose Monte Carlo simulation has been available to property valuers for over fifty years but remains largely unadopted. This paper examines whether the probability distributions used in existing implementations have contributed...