Discounting under impact of risk aversion

Krzysztof Piasecki

Abstract

The main aim of this study is to describe risk aversion impact on present value. The term risk aversion and the loss risk aversion are considered in this work. Three different models of discounting functions are obtained as a result of these studies. The formal influence of behavioural factors on the discount was pointed out. In this way it is show that that non-additive present value function may be economically justified. This study carries out assuming fulfilment of the diminishing marginal wealth utility law
Author Krzysztof Piasecki (WZ / KIiN)
Krzysztof Piasecki,,
- Department of Investment and Real Estate
Journal seriesSSRN Electronic Journal, ISSN 1556-5068, (0 pkt)
Issue year2015
No2
Pages1-9
Publication size in sheets0.65
Keywords in EnglishPresent value, Discounting, Discounted utility, Risk aversion, First Gossen’s Law
DOIDOI:10.2139/ssrn.2560989
URL https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2560989
Languageen angielski
Score (nominal)5
Score sourcejournalList
ScoreMinisterial score = 0.0, 30-12-2019, ArticleFromJournal
Ministerial score (2013-2016) = 5.0, 30-12-2019, ArticleFromJournal
Publication indicators WoS Citations = 0
Citation count*4 (2020-06-21)
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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
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