It has a few behavioral concepts and is slightly more predictive. Real Option Theory is not predictive. It says you learn from experience, and keep your options open. This represents an alternative to behavioral theory. Portfolio theory says that given lack of a theory and great uncertainty, the simple principle is diversification.
Indexing is a strategy that reduces uncertainty to a risk.
The real issue, then, is risk management. In the Mexico case, they don't really need to know that much science. More important would be information about investment alternatives and strategies. With a phased strategy, you can better control when you need information. Jim discussed the situation in southern California, where weekday air quality has consistently improved while weekend AQ has deteriorated.