On return rate implied by behavioural present value

Krzysztof Piasecki


The future value of a security is described as a random variable. Distribution of this random variable is the formal image of risk uncertainty. On the other side, any present value is defined as a value equivalent to the given future value. This equivalence relationship is a subjective. Thus follows, that present value is described as a fuzzy number, which is depend on the investor's susceptibility to behavioural factors. All above reasons imply, that return rate is given as a fuzzy probabilistic set. The basic properties of such image of return rate are studied. At the last the set of effective securities is distinguished as a fuzzy set.
Author Krzysztof Piasecki (WZ / KIiN)
Krzysztof Piasecki,,
- Department of Investment and Real Estate
Journal seriesSSRN Electronic Journal, ISSN 1556-5068, (0 pkt)
Issue year2014
Publication size in sheets0.5
Keywords in Englishbehavioural present value, effective financial instrument, fuzzy probabilistic set
Languageen angielski
Score (nominal)5
Score sourcejournalList
ScoreMinisterial score = 0.0, 13-12-2019, ArticleFromJournal
Ministerial score (2013-2016) = 5.0, 13-12-2019, ArticleFromJournal
Publication indicators WoS Citations = 0
Citation count*
Share Share

Get link to the record

* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
Are you sure?