O istocie wartości bieżącej

• Authors: Krzysztof Piasecki

Title variants

EN

The Essence of Present Value

• Languages of publication: PL

Abstracts

EN

Theoretical basis for discussion is the natural nonlinear preorder defined on the set of financial flows. Then there exists a utility function consistent with this preorder. Two financial flows are equivalent iff their utilities are equal. Then we can show that the present value of financial flow is equal to its utility. Lack of capital synergy is not a necessary condition for this thesis.

Keywords

PL

Instrumenty finansowe; Strumienie pieniężne; Synergia; Teoria oczekiwanej użyteczności; Wartość pieniądza

EN

Cash flow; Expected utility theory; Financial instruments; Synergy; Value of money

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Studia Ekonomiczne
• Year: 2013
• Volume: 154
• Pages: 82-91

Contributors

author

Krzysztof Piasecki

References

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Identifiers

ISSN

2083-8611