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The Resource Anomalies in Net Present Value, Returns and Polynomials, and Regret Theory in DecisionMaking, by Michael C. I. Nwogugu, (electronic resource)
Anomalies in Net Present Value, Returns and Polynomials, and Regret Theory in DecisionMaking, by Michael C. I. Nwogugu, (electronic resource)
Resource Information
The item Anomalies in Net Present Value, Returns and Polynomials, and Regret Theory in DecisionMaking, by Michael C. I. Nwogugu, (electronic resource) represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Boston University Libraries.This item is available to borrow from all library branches.
Resource Information
The item Anomalies in Net Present Value, Returns and Polynomials, and Regret Theory in DecisionMaking, by Michael C. I. Nwogugu, (electronic resource) represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in Boston University Libraries.
This item is available to borrow from all library branches.
 Summary
 This book explores why Internal Rate of Return (IRR) and Net Present Value (NPV) are not necessarily accurate or efficient tools for valuation and decisionmaking. The author specifically addresses the discounting 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 a new way 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 Intertemporal Asset Pricing Theory (IAPT) and Intertemporal Capital Asset Pricing Models (ICAPM) can produce inaccurate results in some 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 ConsumptionSavingsInvestmentProduction 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.
 Language
 eng
 Extent
 XIII, 327 p.
 Contents

 Chapter 1) Introduction
 Chapter 2) SpatioTemporal Framing Anomalies in the NPVMIRRIRR Model and Related Approached, and Regret Theory
 Chapter 3) Regret Theory and Asset Pricing Anomalies in Incomplete Markets with Dynamic Unaggregate Preferences
 Chapter 4) The Descartes Sign Rule and The FourierBudan Theorem are Wrong
 Chapter 5) MN2 Invariants and Homomorphisms for Solving Polynomials; and Anomalies in The Binomial Theorem And The “Fundamental Theorem Of Algebra
 Chapter 6) The Historical And Current Concepts Of “Plain” Interest Rates and Forward Rates are, or Can Be, Misleading
 Chapter 7) On Algebraic Anomalies in Polynomials and Net Present Value Decisions
 Chapter 8) Some Biases And Evolutionary Homomorphisms Implicit in The Calculation Of Returns
 Chapter 9) Conclusion
 Chapter 10) References
 Isbn
 9781137446985
 Label
 Anomalies in Net Present Value, Returns and Polynomials, and Regret Theory in DecisionMaking
 Title
 Anomalies in Net Present Value, Returns and Polynomials, and Regret Theory in DecisionMaking
 Statement of responsibility
 by Michael C. I. Nwogugu
 Subject

 Business Finance
 Economics, Mathematical
 Investment banking
 Economics, Mathematical
 Business enterprises  Finance
 Securities
 Appl.Mathematics/Computational Methods of Engineering
 Business enterprises  Finance
 Finance
 Engineering mathematics
 Corporations  Finance
 Electronic resources
 Quantitative Finance
 Engineering mathematics
 Corporate Finance
 Investments and Securities
 Investment banking
 Corporations  Finance
 Securities
 Applied mathematics
 Finance
 Applied mathematics
 Language
 eng
 Summary
 This book explores why Internal Rate of Return (IRR) and Net Present Value (NPV) are not necessarily accurate or efficient tools for valuation and decisionmaking. The author specifically addresses the discounting 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 a new way 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 Intertemporal Asset Pricing Theory (IAPT) and Intertemporal Capital Asset Pricing Models (ICAPM) can produce inaccurate results in some 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 ConsumptionSavingsInvestmentProduction 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.
 http://library.link/vocab/creatorName
 Nwogugu, Michael C. I
 Image bit depth
 0
 Literary form
 non fiction
 http://library.link/vocab/relatedWorkOrContributorName
 SpringerLink
 http://library.link/vocab/subjectName

 Finance
 Business enterprises
 Corporations
 Investment banking
 Securities
 Economics, Mathematical
 Applied mathematics
 Engineering mathematics
 Finance
 Investments and Securities
 Quantitative Finance
 Corporate Finance
 Business Finance
 Appl.Mathematics/Computational Methods of Engineering
 Label
 Anomalies in Net Present Value, Returns and Polynomials, and Regret Theory in DecisionMaking, by Michael C. I. Nwogugu, (electronic resource)
 Antecedent source
 mixed
 Carrier category
 online resource
 Carrier category code
 cr
 Carrier MARC source
 rdacarrier
 Color
 not applicable
 Content category
 text
 Content type code
 txt
 Content type MARC source
 rdacontent
 Contents
 Chapter 1) Introduction  Chapter 2) SpatioTemporal Framing Anomalies in the NPVMIRRIRR Model and Related Approached, and Regret Theory  Chapter 3) Regret Theory and Asset Pricing Anomalies in Incomplete Markets with Dynamic Unaggregate Preferences  Chapter 4) The Descartes Sign Rule and The FourierBudan Theorem are Wrong  Chapter 5) MN2 Invariants and Homomorphisms for Solving Polynomials; and Anomalies in The Binomial Theorem And The “Fundamental Theorem Of Algebra  Chapter 6) The Historical And Current Concepts Of “Plain” Interest Rates and Forward Rates are, or Can Be, Misleading  Chapter 7) On Algebraic Anomalies in Polynomials and Net Present Value Decisions  Chapter 8) Some Biases And Evolutionary Homomorphisms Implicit in The Calculation Of Returns  Chapter 9) Conclusion  Chapter 10) References
 Dimensions
 unknown
 Extent
 XIII, 327 p.
 File format
 multiple file formats
 Form of item
 electronic
 Isbn
 9781137446985
 Level of compression
 uncompressed
 Media category
 computer
 Media MARC source
 rdamedia
 Media type code
 c
 Other control number
 10.1057/9781137446985
 Other physical details
 online resource.
 Quality assurance targets
 absent
 Reformatting quality
 access
 Specific material designation
 remote
 System control number
 (DEHe213)9781137446985
 Label
 Anomalies in Net Present Value, Returns and Polynomials, and Regret Theory in DecisionMaking, by Michael C. I. Nwogugu, (electronic resource)
 Antecedent source
 mixed
 Carrier category
 online resource
 Carrier category code
 cr
 Carrier MARC source
 rdacarrier
 Color
 not applicable
 Content category
 text
 Content type code
 txt
 Content type MARC source
 rdacontent
 Contents
 Chapter 1) Introduction  Chapter 2) SpatioTemporal Framing Anomalies in the NPVMIRRIRR Model and Related Approached, and Regret Theory  Chapter 3) Regret Theory and Asset Pricing Anomalies in Incomplete Markets with Dynamic Unaggregate Preferences  Chapter 4) The Descartes Sign Rule and The FourierBudan Theorem are Wrong  Chapter 5) MN2 Invariants and Homomorphisms for Solving Polynomials; and Anomalies in The Binomial Theorem And The “Fundamental Theorem Of Algebra  Chapter 6) The Historical And Current Concepts Of “Plain” Interest Rates and Forward Rates are, or Can Be, Misleading  Chapter 7) On Algebraic Anomalies in Polynomials and Net Present Value Decisions  Chapter 8) Some Biases And Evolutionary Homomorphisms Implicit in The Calculation Of Returns  Chapter 9) Conclusion  Chapter 10) References
 Dimensions
 unknown
 Extent
 XIII, 327 p.
 File format
 multiple file formats
 Form of item
 electronic
 Isbn
 9781137446985
 Level of compression
 uncompressed
 Media category
 computer
 Media MARC source
 rdamedia
 Media type code
 c
 Other control number
 10.1057/9781137446985
 Other physical details
 online resource.
 Quality assurance targets
 absent
 Reformatting quality
 access
 Specific material designation
 remote
 System control number
 (DEHe213)9781137446985
Subject
 Appl.Mathematics/Computational Methods of Engineering
 Applied mathematics
 Applied mathematics
 Business Finance
 Business enterprises  Finance
 Business enterprises  Finance
 Corporate Finance
 Corporations  Finance
 Corporations  Finance
 Economics, Mathematical
 Economics, Mathematical
 Electronic resources
 Engineering mathematics
 Engineering mathematics
 Finance
 Finance
 Investment banking
 Investment banking
 Investments and Securities
 Quantitative Finance
 Securities
 Securities
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