Type indeterminacy: A model of the KT(Kahneman-Tversky)-man
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Publication:1044191
DOI10.1016/J.JMP.2009.01.001zbMATH Open1178.91044arXivphysics/0604166OpenAlexW2276082831WikidataQ57937511 ScholiaQ57937511MaRDI QIDQ1044191FDOQ1044191
Authors: Ariane Lambert-Mogiliansky, Shmuel Zamir, Hervé P. Zwirn 
Publication date: 11 December 2009
Published in: Journal of Mathematical Psychology (Search for Journal in Brave)
Abstract: In this paper we propose to use elements of the mathematical formalism of Quantum Mechanics to capture the idea that agents' preferences, in addition to being typically uncertain, can also be indeterminate. They are determined (i.e., realized, and not merely revealed) only when the action takes place. An agent is described by a state that is a superposition of potential types (or preferences or behaviors). This superposed state is projected (or "collapses") onto one of the possible behaviors at the time of the interaction. In addition to the main goal of modelling uncertainty of preferences that is not due to lack of information, this formalism seems to be adequate to describe widely observed phenomena of noncommutativity in patterns of behavior. We explore some implications of our approach in a comparison between classical and type indeterminate rational choice behavior. The potential of the approach is illustrated in two examples.
Full work available at URL: https://arxiv.org/abs/physics/0604166
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- Quantum mechanics and violations of the sure-thing principle: The use of probability interference and other concepts
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- A connection between quantum decision theory and quantum games: the Hamiltonian of strategic interaction
- Quantum structure in cognition: human language as a boson gas of entangled words
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- Possibility to agree on disagree from quantum information and decision making
- Private information and the `Information function': A survey of possible uses
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