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 … model and identify what is a mistake, and b) decision makers can maximise. However, contrary to prospect theory, in the …

damage macroeconomic management but are excluded by expected utility theory wherein utilities attach only to the segment of … use models within SKAT, the Stages of Knowledge Ahead Theory. …

Conclusions favorable to flexible exchange rates typically accord with expected utility theory in ignoring the costs … Ahead Theory, Pope (1983, 1995, 2005), Pope, Leitner and Leopold (2006). A laboratory experiment suggests that (i) and (ii …