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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 …
Persistent link: https://www.econbiz.de/10010270023
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 …
Persistent link: https://www.econbiz.de/10010274186
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 …
Persistent link: https://www.econbiz.de/10004964148
This paper sets out to show the role of assessment in innovative public-sector management in the context of great uncertainty and limited innovation implicit in the «New Pubic-Sector Management». It argues that instead of trying to anticipate the processes that lead to turbulence (processes...
Persistent link: https://www.econbiz.de/10010748173
, specifically in the Romanian State Treasury, by standardizing the risk evaluation in audit (RBIA). The authors are considering that …
Persistent link: https://www.econbiz.de/10008596423
Organization Method for Enrichment Evaluation) and compares the long-term effectiveness of five technology-oriented BIs in Germany … PROMETHEE is a well-suited methodological approach for the evaluation and comparisons in the specific context of business …
Persistent link: https://www.econbiz.de/10005232588
Through the use of a simple behavioural political economy model, we cast doubt on the assumption that voters behave in predictable ways dependent on their expected support for government policies. We show that under certain conditions an unfavourable (i.e. welfare reducing) policy may result,...
Persistent link: https://www.econbiz.de/10009352437
Persistent link: https://www.econbiz.de/10012313012
Persistent link: https://www.econbiz.de/10011754263
Persistent link: https://www.econbiz.de/10013392073