We present the first calibration of quantum decision theory (QDT) to an empirical data set. The data comprise 91 …. The prediction of choice reversal is then refined by introducing heterogeneity between decision makers through a …

providing a particular set of tasks – prediction tasks. Prediction about uncertain states of the world is an input into decision …-making. We show that prediction allows riskier decisions to be taken and this is its impact on observed productivity although it … prediction technology improves. Judgment is exercised when the objective function for a particular set of decisions cannot be …