Testing ambiguity and Machina preferences within a quantum-theoretic framework for decision-making

DOI10.1016/j.jmateco.2017.12.002zbMath1416.91111arXiv1706.02168OpenAlexW2624172193WikidataQ62607188 ScholiaQ62607188MaRDI QIDQ1800984

Sandro Sozzo, Diederik Aerts, Suzette Geriente, Catarina Moreira

Publication date: 26 October 2018

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

Full work available at URL: https://arxiv.org/abs/1706.02168

zbMATH Keywords

expected utility theoryambiguity aversionquantum probabilityquantum structuresMachina paradox

Mathematics Subject Classification ID

Decision theory (91B06) Applications of statistical and quantum mechanics to economics (econophysics) (91B80) Utility theory (91B16) Logical foundations of quantum mechanics; quantum logic (quantum-theoretic aspects) (81P10) Experimental studies (91A90)

Related Items (8)

Modeling human decision-making: an overview of the Brussels quantum approach ⋮ Representing attitudes towards ambiguity in Hilbert space: foundations and applications ⋮ Explaining versus describing human decisions: Hilbert space structures in decision theory ⋮ A new method to predict the interference effect in quantum-like Bayesian networks ⋮ On subjective expected value under ambiguity ⋮ Quantum structures in human decision-making: towards quantum expected utility ⋮ Editorial: Introduction to quantum probability theory and its economic applications ⋮ The triple-store experiment: a first simultaneous test of classical and quantum probabilities in choice over menus

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