Decision theory with a state of mind represented by an element of a Hilbert space: the Ellsberg paradox

DOI10.1016/J.JMATECO.2018.02.003MaRDI QIDQ1800979zbMATH OpenOpenAlexWikidataFDO

Authors Jürgen Eichberger, Hans-Jürgen Pirner

Publication date 26 October 2018

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmateco.2018.02.003

zbMATH Keywords

uncertaintydecision theoryHilbert spacequantum theoryEllsberg paradox

Mathematics Subject Classification ID

Decision theory (91B06) Applications of statistical and quantum mechanics to economics (econophysics) (91B80) General and philosophical questions in quantum theory (81P05)

Recommendations

• Representing attitudes towards ambiguity in Hilbert space: foundations and applications
• The Ellsberg paradox: a challenge to quantum decision theory?
• Explaining versus describing human decisions: Hilbert space structures in decision theory
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Cites work

• scientific article; zbMATH DE number 3087284 (Why is no real title available?)
• Choice under uncertainty with the best and worst in mind: Neo-additive capacities
• Consistent Quantum Theory
• Decision theory with prospect interference and entanglement
• Identifying quantum structures in the Ellsberg paradox
• Mathematical structure of quantum decision theory
• Maxmin expected utility with non-unique prior
• Prospect Theory: An Analysis of Decision under Risk
• Quantum structure in economics: the Ellsberg paradox
• Risk, ambiguity and the Savage axioms
• Subjective Probability and Expected Utility without Additivity

Cited in

(8)

• Special issue on ambiguity and strategic interactions in honor of Jürgen Eichberger
• Strategic choice in Hilbert space
• Quantum structure in economics: the Ellsberg paradox
• The triple-store experiment: a first simultaneous test of classical and quantum probabilities in choice over menus
• Representing attitudes towards ambiguity in Hilbert space: foundations and applications
• The Ellsberg paradox: a challenge to quantum decision theory?
• Identifying quantum structures in the Ellsberg paradox
• Explaining versus describing human decisions: Hilbert space structures in decision theory

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