BazEkon - The Main Library of the Cracow University of Economics

BazEkon home page

Main menu

Author
Piasecki Krzysztof (Poznań University of Economics, Poland)
Title
Intuitionistic Assessment of Behavioural Present Value
Source
Folia Oeconomica Stetinensia, 2013, vol. 13, nr 2, s. 49-62, bibliogr. 22 poz.
Keyword
Finanse behawioralne, Zbiory rozmyte, Przepływy pieniężne
Behavioural finance, Fuzzy sets, Cash flows
Note
summ.
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.(original abstract)
Accessibility
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
The Main Library of the Wroclaw University of Economics
Full text
Show
Bibliography
Show
  1. Atanassov, K. & Stoeva, S. (1983). Intuitionistic fuzzy sets. In: J. Albrycht, H. Wiśniewski (Eds.). Proceedings of Polish Symposium on Interval and Fuzzy Mathematics, (pp. 23-26) Poznań.
  2. Atanassov, K. (1999). Intuitionistic Fuzzy Sets. Heidelberg: Springer-Verlag.
  3. Barberis, N., Shleifer, A. & Vishny R. (1998). A model of investor sentiment. Journal of Financial Economics, 49, pp. 307-345. [CrossRef] [Web of Science]
  4. Buckley, I.J. (1987). The fuzzy mathematics of finance. Fuzzy Sets and Systems, 21, pp. 257-273. [CrossRef]
  5. Calzi, M.L. (1990). Towards a general setting for the fuzzy mathematics of finance. Fuzzy Sets and Systems, 35, pp. 265-280. [CrossRef]
  6. Dubois, J. & Prade, H. (1979). Fuzzy real algebra: some results. Fuzzy Sets and Systems, 2, pp. 327-348.
  7. Edwards, W. (1968). Conservatism in human information processing. In: B. Klienmutz (Ed.). Formal representation of human judgment, (pp 17-52), New York: Wiley.
  8. Greenhut, J.G., Norman, G. & Temponi, C.T. (1995). Towards a fuzzy theory of oligopolistic competition, IEEE Proceedings of ISUMA-NAFIPS (pp. 286-291), College Park, IEEE.
  9. Gutierrez, I. (1989). Fuzzy numbers and Net Present Value. Scandinavian Journal of Management, 5 (2), pp. 149-159. [CrossRef]
  10. Huang, X. (2007). Two new models for portfolio selection with stochastic returns taking fuzzy information. European Journal of Operational Research, 180 (1), pp. 396-405. [CrossRef]
  11. Knight, F.H. (1921). Risk, Uncertainty, and Profit. Boston, MA, Hart, Schaffner & Marx; Houghton Mifflin Company.
  12. Kuchta, D. (2000). Fuzzy capital budgeting. Fuzzy Sets and Systems, 111, pp. 367-385.
  13. Lesage, C. (2001). Discounted cash-flows analysis. An interactive fuzzy arithmetic approach. European Journal of Economic and Social Systems, 15 (2), pp. 49-68.
  14. Peccati, L. (1972). Su di una caratterizzazione del principio del criterio dell'attualizzazione. Parma: Studium Parmense.
  15. Piasecki, K. (2011a). Behavioural Present Value. Behavioral & Experimental Finance eJournal, 4, Retrieved August 15, 2013 from Social Science Research Network http://ssrn.com/abstract=1729351, DOI:10.2139/ssrn.1729351. [CrossRef]
  16. Piasecki, K. (2011b). Rozmyte zbiory probabilistyczne, jako narzędzie finansów behawioralnych. Poznań: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu.
  17. Piasecki, K. (2011c). Effectiveness of securities with fuzzy probabilistic return. Operations Research and Decisions, 2, pp. 65-78.
  18. Piasecki, K. (2012a). Podstawy arytmetyki finansowej w świetle teorii użyteczności. In: Księga Jubileuszowa Profesora Edwarda Smagi, A. Malawski, J. Tatar (Eds.), (pp. 43-59). Kraków: Wydawnictwo Uniwersytetu Ekonomicznego w Krakowie.
  19. Piasecki, K. (2012b). Basis of Financial Arithmetic from the Viewpoint of the Utility Theory, Operations Research and Decisions, 3, pp. 37-53.
  20. Piasecki, K. & Ziomek, R. (2011). Intuitionistic sets in financial market analysis - case study. European Finance eJournal, 1, Retrieved August 15, 2013 from Social Science Research Network http://ssrn.com/abstract=1729377. DOI: 10.2139/ssrn. 1729377. [CrossRef]
  21. Tsao, C.-T. (2005). Assessing the probabilistic fuzzy Net Present Value for a capital, Investment choice using fuzzy arithmetic. Journal of Chine Institute of Industrial Engineers, 22 (2), pp. 106-118.
  22. Ward, T.L. (1985). Discounted fuzzy cash flow analysis. 1985 Fall Industrial Engineering Conference Proceedings, (pp. 476-481) Berkeley.
Cited by
Show
ISSN
1730-4237
Language
eng
URI / DOI
http://dx.doi.org/10.2478/foli-2013-0021
Share on Facebook Share on Twitter Share on Google+ Share on Pinterest Share on LinkedIn Wyślij znajomemu