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dc.contributor.authorvon Hagen, Jürgenen_US
dc.contributor.authorKube, Sebastianen_US
dc.contributor.authorKaiser, Johannesen_US
dc.contributor.authorSelten, Reinharden_US
dc.contributor.authorPope, Robinen_US
dc.description.abstractIn the decision-making process, there is a stage when choosers evaluate alternatives. Evaluation is complex especially when it involves the future exchange rate. In the complexity of predicting the future exchange rate, choosers may use prominent numbers and ratios. We furnish field and experimental evidence of major effects on exchange rate determination from prominent numbers and ratios that constitute nominal equalities and historical benchmarks. Theorizing and estimation of exchange rates can be enhanced via SKAT, the Stages of Knowledge Ahead Theory that allows prominent numbers and prominent ratios to be taken into account consistently in constructing decision models.en_US
dc.relation.ispartofseriesBonn econ discussion papers 2006,29en_US
dc.subject.keywordmoney illusionen_US
dc.subject.keywordSKAT the Stages of Knowledge Ahead Theoryen_US
dc.subject.keywordprominent numbersen_US
dc.subject.keywordprominent ratiosen_US
dc.titleProminent Numbers and Ratios in Exchange Rate Determination: Field and Laboratory Evidenceen_US
dc.typeWorking Paperen_US
Appears in Collections:Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn

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