behavior, by attributing this heterogeneity to preference parameters in the underlying theory of risk attitudes instead of an … additive error term that is external to the theory. However, most empirical studies in structural estimation of risk attitudes … decision theory, types of lottery pairs, and parametric distribution of unobserved heterogeneity …

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 …