Related: Why do public services undervalue talented volunteers?
My colleague notes the type of distortion created by the fact that residents tend to experience neighbourhoods as a set of aesthetic exteriors, and thus undervalue all of the things that are or could be going on inside the buildings one might put on a given property.
So they overvalue the former and undervalue the latter.
Outside France each of the three is wrestling with its own portfolio of mistakes and opportunities: BNP Paribas and Crédit Agricole mainly in Italy, Société Générale in eastern Europe and Russia.The banks' shares have risen recently but investors still undervalue them, says Guillaume Tiberghien of Exane BNP Paribas, the bank's capital-markets arm.
David Crane, NRG's boss, says that Exelon continues to undervalue NRG, noting his firm's recent purchase of Reliant, a Texan power retailer.
Michael Rockinger, a professor of finance at HEC Lausanne in Switzerland, argues that business schools undervalue the teaching of risk management RISK is essential in business.
And those are just the economic costs, before violence against women and access to health care are counted.But rich countries undervalue women as well.
Consumers also tend to undervalue a reduction in their exposure to energy-price increases.
In New Orleans in November they overwhelmingly approved the abolition of the ancient property-tax system, in which seven neighbourhood assessors would routinely undervalue the properties of their friends.
They inhibit cultural diversity (true again, but, unfortunately, most British people seem grossly to undervalue cultural diversity).
They tend to undervalue signs that a man is interested in a committed relationship.
