This paper introduces a new theoretic entity, a nominalist heuristic, defined as a focus on prominent numbers, indices … or ratios. Abstractions used in the evaluation stage of decision making typically involve nominalist heuristics that are … incompatible with expected utility theory which excludes the evaluation stage, and are also incompatible with prospect theory which …

The prior paper in this sequel, Pope (2009) introduced the concept of a nominalist heuristic, defined as a focus on … laboratory. Third, nominalist heuristics are incompatible with expected utility theory which excludes the evaluation stage, and … are also incompatible with prospect theory which assumes that, while the evaluation stage can involve systematic mistakes …

In the decision-making process, there is a stage when choosers evaluate alternatives. Evaluation is complex especially … when it involves the future exchange rate. In the complexity of predicting the future exchange rate, choosers may use …

the outcome flow after risk is passed. To include the evaluation stage and such damage from variance, the authorities can …

Ahead Theory, Pope (1983, 1995, 2005), Pope, Leitner and Leopold (2006). A laboratory experiment suggests that (i) and (ii …

laboratory experiment. The laboratory experiment avoids measurement errors to which econometric estimation is subject concerning … assumptions of temporal independence and false synchronicity in decision response lags to stimuli. Our laboratory experiment also …

laboratory experiment that incorporates more aspects of real world complexity and more different sorts of official and private …

field evidence is bolstered by a laboratory experiment. The experiment incorporates more aspects of real world complexity … cooperation-conflict model of exchange rate determination. The experiment allows an interpretation within an umbrella theory of …

with the behavior observed in the Ellsberg experiment. It can capture the same type of behavior as the multiple priors …