Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/22973 
Erscheinungsjahr: 
2006
Schriftenreihe/Nr.: 
Bonn Econ Discussion Papers No. 29/2006
Verlag: 
University of Bonn, Bonn Graduate School of Economics (BGSE), Bonn
Zusammenfassung: 
In 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.
Schlagwörter: 
nominalism
money illusion
unpredictability
experiment
SKAT the Stages of Knowledge Ahead Theory
prominent numbers
prominent ratios
JEL: 
D80
D81
F31
F33
Dokumentart: 
Working Paper

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