2009
DOI: 10.1098/rspb.2009.0121
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A quantum probability explanation for violations of ‘rational’ decision theory

Abstract: Two experimental tasks in psychology, the two-stage gambling game and the Prisoner's Dilemma game, show that people violate the sure thing principle of decision theory. These paradoxical findings have resisted explanation by classical decision theory for over a decade. A quantum probability model, based on a Hilbert space representation and Schrödinger's equation, provides a simple and elegant explanation for this behaviour. The quantum model is compared with an equivalent Markov model and it is shown that the… Show more

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Cited by 404 publications
(446 citation statements)
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“…In particular, for any model with two incompatible events A and B we expect to observe violations of the law of total probability, e.g. Busemeyer, 2009). Therefore, for example, while the 4D CC model may not display some of the non-normative behavioral properties we examine (i.e., Reciprocity, Memorylessness, Violations of the Markov condition, and Anti-Discounting), it is able to account for situations where p(Y 1 ) is judged less likely than p(Y 1 |E 1 )p(E 1 ), for example.…”
Section: Other Non-normative Effectsmentioning
confidence: 99%
“…In particular, for any model with two incompatible events A and B we expect to observe violations of the law of total probability, e.g. Busemeyer, 2009). Therefore, for example, while the 4D CC model may not display some of the non-normative behavioral properties we examine (i.e., Reciprocity, Memorylessness, Violations of the Markov condition, and Anti-Discounting), it is able to account for situations where p(Y 1 ) is judged less likely than p(Y 1 |E 1 )p(E 1 ), for example.…”
Section: Other Non-normative Effectsmentioning
confidence: 99%
“…Applications of QP theory have been presented in decision making (Blutner et al, in press;Busemeyer, Wang, & Townsend, 2006;Bordley, 1998;Lambert-Mogiliansky, Zamir, & Zwirn, 2009;Pothos & Busemeyer, 2009;Wang & Busemeyer, in press;Yukalov & Sornette, 2010), conceptual combination (Aerts, 2009;Aerts & Gabora, 2005;Blutner, 2008;Bruza et al, under review), memory (Bruza, 2010;, and perception (Atmanspacher, Filk, & Romer, 2004). Psychological models based on quantum probability seem to work well (for overviews see Busemeyer & Bruza, 2009;Khrennikov, 2004;Pothos & Busemeyer, in press) and add to the increasing realization that the application of QP need not be restricted to physics.…”
Section: Introductionmentioning
confidence: 99%
“…Khrennikov and Haven 2009;Yukalov and Sornette 2010;Aerts et al 2011); for asymmetry judgments in similarity, i.e. that "A is like B" is not equivalent to "B is like A" ; for paradoxical strategies in game theory such as in the prisoner's dilemma (Piotrowski and Stadkowski 2003;Landsburg 2004;Pothos and Busemeyer 2009;Brandenburger 2010). More generally, new theoretical frameworks with quantum-like models have been offered in decision theory and bounded rationality Lambert-Mogiliansky 2008, 2010;Lambert-Mogiliansky et al 2009;Yukalov and Sornette 2011).…”
Section: Introductionmentioning
confidence: 99%