Behavioural Present Value determined by oriented fuzzy number

Krzysztof Piasecki , Anna Łyczkowska-Hanćkowiak

Abstract

The starting point for our discussion is the notion of the Behavioural Present value (BPV) defined with use behavioural premises as a positivefuzzy number (FN). The information described by BPV may be supplemented with aforecast of the asset price closest changes. Then the BPV is called oriented BPV (O-BPV). In the first approach, an O-BPV was described by ordered FNs introduced by Kosiński and his co-operators. For the formal reasons, the Kosiński’s theory was revised. Each revised ordered FN is called oriented FN (OFN). The main purpose of our study is to describe O-BPV by OFNs. We consider here sixcases of BPV:overvaluedassetprice with prediction ofits rise, overvalued assetprice with predictionof its fall, undervalued assetprice with prediction of its rise, and undervalued assetprice with prediction of its fall. All our considerations are illustrated by means of simple numerical example
Author Krzysztof Piasecki (WZ / KIiN)
Krzysztof Piasecki,,
- Department of Investment and Real Estate
, Anna Łyczkowska-Hanćkowiak - Wyższa Szkoła Bankowa w Poznaniu
Anna Łyczkowska-Hanćkowiak,,
-
Pages134-144
Publication size in sheets0.5
Book Szkutnik Włodzimierz, Sączewska-Piotrowska Anna, Hadaś-Dyduch Monika, Acedański Jan (eds.): 14th International Scientific Conference “Analysis of International Relations 2020. Methods and Models of Regional Development. Summer Edition”. Conference Proceedings, 2020, Wydawnictwo Uniwersytetu Ekonomicznego w Katowicach, ISBN 978-83-7875-639-2, [978-83-7875-638-5], 246 p.
Keywords in Polishfinanse behawioralne, wartość bieżąca, zorientowana liczba rozmyta
Keywords in Englishbehavioural finance, present value, oriented fuzzy number
URL https://air.ue.katowice.pl/pdf/2020b/13_Piasecki_Lyczkowska-Hanckowiak.pdf
Languageen angielski
Score (nominal)20
Score sourcepublisherList
ScoreMinisterial score = 20.0, 24-06-2020, ChapterFromConference
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