The Economics of Enlightenment: Time Value of Knowledge and the Net Present Value (NPV) of Knowledge Machines

@inproceedings{Kashyap2019TheEO,
  title={The Economics of Enlightenment: Time Value of Knowledge and the Net Present Value (NPV) of Knowledge Machines},
  author={R. Kashyap},
  year={2019}
}
We formulate one methodology to put a value or price on knowledge using well accepted techniques from finance. We provide justifications for these finance principles based on the limitations of the physical world we live in. To the best of our knowledge this is the first recorded attempt to put a numerical value on knowledge. The implications of this valuation exercise, which places a high premium on any piece of knowledge, are to ensure that participants in any knowledge system are better… Expand
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