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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.

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Metadaten
Author of HS ReutlingenHerzog, 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):License Logo  Creative Commons - Namensnennung