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Misesteem
MISESTEEM

Definition: Disrespect (= to value wrongly, to estimate wrongly).
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* All eight elements would be in.


1. Wrong is not deliberately decided on.

2. Source materials correct and complete.

3. Basis of error is specified and identifiable.

4. Result provided measurable & assessable.

5. Decision based on error causes real loss.

6. Sanction suffered as a direct consequence.

7. Personal responsibility accepted for cause.

8. Learning to take place to improve valuation.*

8. Repeated misestimate is not going to reoccur.

8. Benefits gainer of the under or overvaluation.

8. Admitted immediately on discovering a wrong.**
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* See perfect MEASURING.

** See perfect DISSUASORY.

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