reappraisals

Reappraisals are re-evaluations of value, meaning, or significance conducted after an initial assessment or interpretation. The term is used in psychology and valuation, among other fields, to describe processes that revise understanding of an object, a situation, or an asset.

Psychological reappraisal, or cognitive reappraisal, is a voluntary emotion regulation strategy in which a person reinterpret a stimulus or event to change its emotional impact. It involves top-down control by the prefrontal cortex to modulate amygdala activity, reducing distress and adaptive responses in anxiety and mood disorders. Effectiveness varies with context and cognitive resources; it can be learned in therapy but may be effortful and less effective when overwhelmed or internally biased.

In valuation and finance, reappraisal refers to the reassessment of value for an asset, property, or business. It may be prompted by market change, ownership transfer, or new information, and can occur in tax assessments, lending, or financial reporting. For real estate, a reappraisal can alter property taxes and insurance considerations; in accounting, it may influence depreciation, impairment tests, or fair-value measurements. The process usually involves collecting market data, applying valuation methods, and documenting rationale, with formal appeals processes in many jurisdictions.