Abstract
Early ‘paradoxical’ findings in decision theory, such as Allais and Ellsberg paradoxes, revealed an existence of preference reversals and non-neutral attitudes to subjective risks that cannot be mathematically captured via the formula of total probability, thus showing that agents’ decision making is at variance with the classical probabilistic information processing mode. In this paper, we discuss in more detail the decision making contexts pertaining to non-consequential reasoning, and how these instances of non-classical preferences can be described, and also quantified with the aid of alternative frameworks based on quantum probability theory. We consider the major challenges to a unified “quantum-like” framework of thinking and deciding under uncertainty and risk and elaborate on some successful solutions.
Original language | English |
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Title of host publication | The Quantum-Like Revolution |
Subtitle of host publication | A Festschrift for Andrei Khrennikov |
Publisher | Springer Nature |
Pages | 327-337 |
Number of pages | 11 |
ISBN (Electronic) | 9783031129865 |
ISBN (Print) | 9783031129858 |
DOIs | |
Publication status | Published - 27 Jun 2023 |
Keywords
- Contextual decision making
- Disjunction effect
- Generalized observables
- Interference
- Quantum probability
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