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 …

theory. The theory predicts that forward premia in electricity markets are determined by the statistical properties of demand …

cooperation-conflict model of exchange rate determination. The experiment allows an interpretation within an umbrella theory of … Pope, namely SKAT, the Stages of Knowledge Ahead Theory. Our joint field plus laboratory evidence indicates that official … expected utility and game theory that lacks a), b) and c) and hence lacks a means for economists to understand that exchange …