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2014 | 13 | 2 | 49-62

Article title

Intuitionistic Assessment Of Behavioural Present Value*

Title variants

Languages of publication

EN

Abstracts

EN
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.

Publisher

Year

Volume

13

Issue

2

Pages

49-62

Physical description

Dates

received
2013-10-03
accepted
2013-12-22
online
2014-07-08

Contributors

  • Poznań University of Economics Al. Niepodległości 10, 60-875 Poznań

References

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  • Atanassov, K. (1999). Intuitionistic Fuzzy Sets. Heidelberg: Springer-Verlag.
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  • Buckley, I.J. (1987). The fuzzy mathematics of finance. Fuzzy Sets and Systems, 21, pp. 257–273.[Crossref]
  • Calzi, M.L. (1990). Towards a general setting for the fuzzy mathematics of finance. Fuzzy Sets and Systems, 35, pp. 265–280.[Crossref]
  • Dubois, J. & Prade, H. (1979). Fuzzy real algebra: some results. Fuzzy Sets and Systems, 2, pp. 327–348.
  • Edwards, W. (1968). Conservatism in human information processing. In: B. Klienmutz (Ed.). Formal representation of human judgment, (pp 17–52), New York: Wiley.
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  • Gutierrez, I. (1989). Fuzzy numbers and Net Present Value. Scandinavian Journal of Management, 5 (2), pp. 149–159.[Crossref]
  • 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]
  • Knight, F.H. (1921). Risk, Uncertainty, and Profit. Boston, MA, Hart, Schaffner & Marx; Houghton Mifflin Company.
  • Kuchta, D. (2000). Fuzzy capital budgeting. Fuzzy Sets and Systems, 111, pp. 367–385.
  • Lesage, C. (2001). Discounted cash-flows analysis. An interactive fuzzy arithmetic approach. European Journal of Economic and Social Systems, 15 (2), pp. 49–68.
  • Peccati, L. (1972). Su di una caratterizzazione del principio del criterio dell’attualizzazione. Parma: Studium Parmense.
  • 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]
  • Piasecki, K. (2011b). Rozmyte zbiory probabilistyczne, jako narzędzie finansów behawioralnych. Poznań: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu.
  • Piasecki, K. (2011c). Effectiveness of securities with fuzzy probabilistic return. Operations Research and Decisions, 2, pp. 65–78.
  • 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.
  • Piasecki, K. (2012b). Basis of Financial Arithmetic from the Viewpoint of the Utility Theory, Operations Research and Decisions, 3, pp. 37–53.
  • 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]
  • 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.
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Document Type

Publication order reference

Identifiers

YADDA identifier

bwmeta1.element.doi-10_2478_foli-2013-0021
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