Pope, Robin; Selten, Reinhard; Kube, Sebastian - University of Bonn, Germany - 2009
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 … assumes that, while the evaluation procedure can involve systematic mistakes, the overall decision situation is nevertheless …