The Basis of Financial Arithmetic from the Viewpoint of Utility Theory
The main goal of this paper is to present a modern axiomatic approach to financial arithmetic. An axiomatic theory of financial arithmetic was first proposed by Peccati, who introduced an axiomatic definition of future value. This theory has been extensively developed in recent years. The proposed a...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Wrocław University of Science and Technology
2012-01-01
|
| Series: | Operations Research and Decisions |
| Online Access: | http://orduser.pwr.wroc.pl/DownloadFile.aspx?aid=1044 |