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CONTRACT PRICE CONFIRMATION BIAS:
EVIDENCE FROM REPEAT APPRAISALS
Michael D. Erik sen, University of Cincinnati 1
Hamilton B. Out, Fannie Mae
Mark Palm, Fannie Mae
Eric Barenblatt, Fannie Mae October
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How to fill out contract price confirmation bias
How to fill out contract price confirmation bias
01
Read the contract carefully to understand the terms and conditions.
02
Gather all the necessary information and documents related to the contract price.
03
Identify any biases or preferences that may exist regarding the contract price.
04
Ensure that you have a clear understanding of the market value and relevance of the contract price.
05
Review any applicable regulations or guidelines that may govern the contract price.
06
Engage in open and transparent communication with the other party involved in the contract.
07
Document any discussions or negotiations regarding the contract price.
08
Consider seeking legal or professional advice if needed.
09
Finalize and fill out the contract price confirmation bias form accurately and honestly.
10
Double-check all the information provided in the form before submitting it.
Who needs contract price confirmation bias?
01
Individuals or businesses involved in contractual agreements.
02
Companies engaged in buying or selling products or services.
03
Legal professionals handling contract negotiations.
04
Government agencies and organizations that deal with contracts.
05
Contractors, suppliers, and vendors in various industries.
06
Anyone who wants to ensure transparency and clarity in contract pricing.
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What is contract price confirmation bias?
Contract price confirmation bias is the tendency for individuals to seek out information that confirms their pre-existing beliefs or expectations regarding the price of a contract.
Who is required to file contract price confirmation bias?
Contract price confirmation bias may need to be filed by individuals or organizations involved in a contract negotiation or agreement.
How to fill out contract price confirmation bias?
To fill out a contract price confirmation bias, one must carefully review the terms of the contract and provide an honest assessment of any biases that may be present.
What is the purpose of contract price confirmation bias?
The purpose of contract price confirmation bias is to ensure transparency and fairness in pricing agreements and to guard against potential conflicts of interest.
What information must be reported on contract price confirmation bias?
Information reported on contract price confirmation bias may include details on pricing negotiations, any biased assumptions, and any steps taken to mitigate bias.
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