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We formulate a simple quantum decision model of the Ellsberg paradox. We report the results of an experiment we performed to test the matching probabilities predicted by this model using an incentive compatible method. We find that the theoretical predictions of the model are in conformity with...
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A decision-maker solicits information from two partially informed experts and then makes a choice under uncertainty …. The experts can be either moderately or extremely biased relative to the decision-maker, which is their private … information. I investigate the incentives of the experts to share their private information with the decision-maker and analyze …
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This paper presents a new attempt to explore people's cooperative behavior under the natural uncertainty in decision making process. The most recent development of quantum cognition creatively enriched the exploration to the endogenous uncertainty in human behavior by expanding the strategic...
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