SINCE 1828
misappraisal
noun
mis·ap·prais·al
| \ ˌmis-ə-ˈprā-zəl
\
\
plural misappraisals
Definition of misappraisal
: the act or an instance of appraising something or someone wrongly : bad or incorrect appraisal
… the misappraisal of risk is one of the most important catalysts of any boom and bust cycle, and … it is complacency that allows the proper assessment of risk to go off course in the first place.— Axel Merk
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