Wealth

Wealth: Concurrent definition: The correspondence between (i) the appreciation and influence actually being presently enjoyed at the given moment by the individual under consideration and (ii) the appreciation and influence he or she would choose to enjoy if put to the choice, wherein: this correspondence is discounted or augmented according to the individual’s prospects from that moment forward (per the prospective definition of wealth below).; Prospective definition: The likelihood that the individual under consideration will enjoy, from the moment of measurement on, the appreciation and influence he or she would choose to enjoy if put to the choice.; Retrospective definition: The correspondence between (i) the appreciation and influence that was actually enjoyed by the individual under consideration during a given time span and (ii) the appreciation and influence he or she would have preferred to have enjoyed during that time span.