Armstrong/Kahn Award.

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Kristy E. Mathews is the winner of the 2008 Armstrong/Kahn Award and a $1000 honorarium for her article, "Under the Microscope: Dissection of a Contingent Valuation Survey," which appeared in the Summer 2008 issue of The Appraisal Journal. The Armstrong/Kahn Award is presented by the Editorial Board for the most outstanding original article published in the Journal during the previous year. Articles are judged on the basis of pertinence to appraisal practice; contribution to valuation literature; provocative thought; thought-provoking presentation of concepts and practical problems; and logical analysis, perceptive reasoning, and clarity of presentation.

In her article, Mathews writes from a survey research and analysis perspective, providing a close inspection of a contingent valuation questionnaire and corresponding analysis. The discussion reveals some concrete reasons why contingent valuation may not produce reliable results. It then concludes with suggestions for future studies.

Kristy E. Mathews is a principal economist at Veritas Economic Consulting, LLC, and specializes in survey research and natural resource economics. She has consulted on more than a dozen cases where surveys are used to estimate potential property damages. Mathews is a coauthor of an Appraisal Institute symposium paper on standards for the use of surveys in property value litigation, as well as other articles in economics journals. She has an MA in economics from The George Washington University and a BA in economics from Alma College.

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