One of the most complex systems is the human brain whose formalized functioning is characterized by decision theory. We … present a quot;Quantum Decision Theoryquot; of decision making, based on the mathematical theory of separable Hilbert spaces … the decision making of real human beings. The theory describes entangled decision making, non-commutativity of subsequent …

replace the normative rational expectation theory at the foundation of economics. These approaches essentially assume that … theory (Kahneman and Tversky, 1979): the inverse S-shaped subjective probability as a function of the objective probability … Navarrete, 1998) while it does not when the dominance is “evident”. Our theory, which offers many more predictions for future …

We present the first calibration of quantum decision theory (QDT) to an empirical data set. The data comprise 91 …) the utility factor with a stochastic version of cumulative prospect theory (logit-CPT), and (b) the attraction factor with …

Quantum decision theory (QDT) is a recently developed theory of decision making based on the mathematics of Hilbert …

The Quantum Decision Theory, developed recently by the authors, is applied to clarify the role of risk and uncertainty … inconsistency occurring in some discounting effects. While time inconsistency is well accounted for in classical decision theory …, the planning paradox is in contradiction with classical utility theory. It finds a natural explanation in the frame of the …

of quantum decision theory. When people choose between lotteries with non-negative payoffs, they prefer a more certain …

We propose a new parametrization of Quantum Decision Theory (QDT), based on Rank Dependent Utility Theory (RDU). Using … Prospect Theory (CPT). At the aggregate level, calibrating together all decisions performed by all subjects (representative …

A survey is given summarizing the state of the art of describing information processing in Quantum Decision Theory …, which has been recently advanced as a novel variant of decision making, based on the mathematical theory of separable … incorporated intended actions. The theory characterizes entangled decision making, non-commutativity of subsequent decisions, and …