Quantum model of decision-making in economics
- The paper designs a quantum model of decision-making (QMDM) that utilizes neuroscientific evidence. The new model provides both normative and positive implications to economics. First, it enhances the study of decision-making which is an extension of the expected utility theory (EUT) in mathematical economics. Second, we demonstrate how the quantum model mitigates drawbacks of the expected utility theory of today.
| Author of HS Reutlingen | Herzog, Bodo |
|---|---|
| URN: | urn:nbn:de:bsz:rt2-opus4-4866 |
| DOI: | https://doi.org/10.4236/jqis.2015.51001 |
| ISSN: | 2162-5751 |
| eISSN: | 2162-576X |
| Erschienen in: | Journal of quantum information science |
| Publisher: | Scientific Research Publishing |
| Place of publication: | Irvine, California |
| Document Type: | Journal article |
| Language: | English |
| Publication year: | 2015 |
| Tag: | decision-making; quantum theory in economics; utility maximization |
| Volume: | 5 |
| Page Number: | 5 |
| First Page: | 1 |
| Last Page: | 5 |
| DDC classes: | 330 Wirtschaft |
| Open access?: | Ja |
| Licence (German): |  Creative Commons - Namensnennung |
