Anomalies in Net Present Value Returns and Polynomials and Regret Theory in Decision Making is popular PDF and ePub book, written by Michael C. I. Nwogugu in 2017-06-09, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Anomalies in Net Present Value Returns and Polynomials and Regret Theory in Decision Making can be Read Online from any device for your convenience.
Anomalies in Net Present Value Returns and Polynomials and Regret Theory in Decision Making Book PDF Summary
This book explores why Modified Internal Rate of Return (MIRR) and Net Present Value (NPV) are not necessarily accurate or efficient tools for valuation and decision-making. The author specifically addresses the biases and framing effects inherent in the NPV/MIRR/IRR model and in related approaches such as Adjusted Present Value (APV), Net Future Value (NFV), and by extension, Polynomials. In doing so, the book presents new ways of solving higher order polynomials using invariants and homomorphisms and explains why the “Fundamental Theorem of Algebra”, the Binomial Theorem and the “Descartes Sign Rule” are unreliable. Chapters also discuss how International Asset Pricing Theory (IAPT) and Intertemporal Capital Asset Pricing Models (ICAPM) can produce inaccurate results in certain circumstances. The conditions under which ICAPM and IAPT may be accurate are described; as well as why those conditions cannot, or are unlikely to, exist. The conditions under which negative interest rates may exist or are justified are also outlined. Moreover, the author explains why traditional Consumption-Savings-Investment-Production models of allocation can be inefficient, and then introduces a new model of allocation that can be applied to individuals, households and companies. Finally, the book explains why the Elasticity of Intertemporal Substitution is a flawed concept and introduces the Marginal Rate of Intertemporal Joint Substitution as a solution.
Detail Book of Anomalies in Net Present Value Returns and Polynomials and Regret Theory in Decision Making PDF
- Author : Michael C. I. Nwogugu
- Release : 09 June 2017
- Publisher : Springer
- ISBN : 9781137446985
- Genre : Business & Economics
- Total Page : 336 pages
- Language : English
- PDF File Size : 14,9 Mb
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