Invented a new economic concept style forum brahs (am aware that this is not strictly a health and exercise thought, but neither is does my ass look fat in these jeans), hoping to get it listed in the Financial Accounting Standards. Basically I'm doing an essay on whether accounting played a role in the financial crisis and the concept of market value came up and some pricks who think historic value is better. I have thought up a concept I call the bobesian value of an asset, which I think will improve the accuracy of asset valuation by being kind of like a hybrid of the historic and market value. Basically for the recording of the assets value you use the mean of several recent values of the market value so if over 3 months the value of an asset varied from 100 to 110 to 95 you would use the bobesian value of 102. The greater the number of values you use the less fluctuations you will have in the value, but there is a possibility that it will reduce the accuracy of the real value of the asset. Number of values can be decided by accounting boards. Someone let me know if this already exists so I don't mistakenly refer to it in my essay as to bobesian value.
Edited by fuji - 1/11/13 at 4:36pm