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Intuitionistic Assessment Of Behavioural Present Value

Author

Listed:
  • Piasecki Krzysztof

    (Poznań University of Economics Al. Niepodległości 10, 60-875 Poznań)

Abstract

The article discussesd the impact of chosen behavioural factors on the imprecision of present value assessment. The formal model of behavioural present value is offered as a result of this discussion. The behavioural present value is described here as an intuitionistic fuzzy set. The significance of the replacement of a fuzzy set by an intuitionistic fuzzy set is proved.

Suggested Citation

  • Piasecki Krzysztof, 2014. "Intuitionistic Assessment Of Behavioural Present Value," Folia Oeconomica Stetinensia, Sciendo, vol. 13(2), pages 49-62.
    • Handle: RePEc:vrs:foeste:v:13:y:2014:i:2:p:49-62:n:1010
    DOI: 10.2478/foli-2013-0021
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    References listed on IDEAS

    as
    1. Krzysztof Piasecki, 2012. "The basis of financial arithmetic from the viewpoint of utility theory," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 22(3), pages 37-53.
    2. Gutiérrez, Isabel, 1989. "Fuzzy numbers and net present value," Scandinavian Journal of Management, Elsevier, vol. 5(2), pages 149-159.
    3. Barberis, Nicholas & Shleifer, Andrei & Vishny, Robert, 1998. "A model of investor sentiment," Journal of Financial Economics, Elsevier, vol. 49(3), pages 307-343, September.
    4. Krzysztof M. Piasecki, 2011. "Effectiveness of securities with fuzzy probabilistic return," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 21(2), pages 65-78.
    5. Huang, Xiaoxia, 2007. "Two new models for portfolio selection with stochastic returns taking fuzzy information," European Journal of Operational Research, Elsevier, vol. 180(1), pages 396-405, July.
    6. repec:wut:journl:v:3:y:2012:id:1044 is not listed on IDEAS
    7. Piasecki, Krzysztof, 2011. "Effectiveness of securities with fuzzy probabilistic return," MPRA Paper 46214, University Library of Munich, Germany.
    8. Cédric Lesage, 2001. "Discounted cash-flows analysis: An interactive fuzzy arithmetic approach," Post-Print hal-00485731, HAL.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    behavioural finance; present values; intuitionistic set;
    All these keywords.

    JEL classification:

    • C65 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Miscellaneous Mathematical Tools
    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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