Name
Abstract | ||
|---|---|---|
We demonstrate that behavioral probabilities of human decision makers share many common features with quantum probabilities. This does not imply that humans are some quantum objects, but just shows that the mathematics of quantum theory is applicable to the description of human decision making. The applicability of quantum rules for describing decision making is connected with the nontrivial process of making decisions in the case of composite prospects under uncertainty. Such a process involves deliberations of a decision maker when making a choice. In addition to the evaluation of the utilities of considered prospects, real decision makers also appreciate their respective attractiveness. Therefore, human choice is not based solely on the utility of prospects, but includes the necessity of resolving the utility-attraction duality. In order to justify that human consciousness really functions similarly to the rules of quantum theory, we develop an approach defining human behavioral probabilities as the probabilities determined by quantum rules. We show that quantum behavioral probabilities of humans do not merely explain qualitatively how human decisions are made, but they predict quantitative values of the behavioral probabilities. Analyzing a large set of empirical data, we find good quantitative agreement between theoretical predictions and observed experimental data. |
Year | DOI | Venue |
|---|---|---|
2017 | 10.3390/e19030112 | ENTROPY |
Keywords | Field | DocType |
quantum probability,quantum decision making,behavioral probability,interference and coherence,irrationality measure,lotteries | Quantum,Quantum probability,Mathematical optimization,Mathematical economics,Experimental data,Consciousness,Duality (optimization),Attractiveness,Decision maker,Mathematics,Management science | Journal |
Volume | Issue | ISSN |
19 | 3 | 1099-4300 |
Citations | PageRank | References |
2 | 0.40 | 14 |
Authors | ||
2 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| V. I. Yukalov | 1 | 94 | 11.61 |
| Didier Sornette | 2 | 238 | 37.50 |