and knowledge in individual decision making under ambiguity. Reactions to a natural source of uncertainty (i … actual competence to measure knowledge of politics. This paper found evidence of both preference for ambiguity in the gain …. This paper also shows that a superior knowledge of politics was associated with a preference for ambiguity (i.e., the …

knowledge ahead faced under risk and uncertainty, namely models under the umbrella of SKAT, the Stages of Knowledge Ahead Theory …. -- nominalism ; money illusion ; heuristic ; unpredictability ; experiment ; SKAT the Stages of Knowledge Ahead Theory ; prominent … laboratory. Third, nominalist heuristics are incompatible with expected utility theory which excludes the evaluation stage, and …

lose gains from specialization. Need for robustness comes from our limited knowledge. Rational dealing with uncertainty … requires to accord the degree of specialization to the reliability of knowledge about the relevant circumstances. In practical …