Related papers: Risk, ambiguity and quantum decision theory
We present an information-theoretic interpretation of quantum formalism based on a Bayesian framework and devoid of any extra axiom or principle. Quantum information is construed as a technique for analyzing a logical system subject to…
In this paper we attempt to analyze the concept of quantum probability within quantum computation and quantum computational logic. While the subjectivist interpretation of quantum probability explains it as a reliable predictive tool for an…
We introduce a new "positive formalism" for encoding quantum theories in the general boundary formulation, somewhat analogous to the mixed state formalism of the standard formulation. This makes the probability interpretation more natural…
This paper formulates a model of utility for a continuous time framework that captures the decision-maker's concern with ambiguity about both the drift and volatility of the driving process. At a technical level, the analysis requires a…
In this paper, we formulate a qualitative "linear" utility theory for lotteries in which uncertainty is expressed qualitatively using a Spohnian disbelief function. We argue that a rational decision maker facing an uncertain decision…
The Allais and Ellsberg paradoxes show that the expected utility hypothesis and Savage's Sure-Thing Principle are violated in real life decisions. The popular explanation in terms of 'ambiguity aversion' is not completely accepted. On the…
In this paper we extend Savage's theory of decision-making under uncertainty from a classical environment into a non-classical one. We formulate the corresponding axioms and provide representation theorems for qualitative measures and…
We propose an interpretation of physics named potentiality realism. This view, which can be applied to classical as well as to quantum physics, regards potentialities (i.e. intrinsic, objective propensities for individual events to obtain)…
We review what we call "event-enhanced formalism" of quantum theory. In this approach we explicitly assume classical nature of events. Given a quantum system, that is coupled to a classical one by a suitable coupling, classical events are…
Referring to quantum mechanics, Einstein used to say "The old one does not play dice." And this is true since the probability of quantum mechanics is not the classical probability of games such as dice. Historically this was the first…
This paper axiomatizes, in a two-stage setup, a new theory for decision under risk and ambiguity. The axiomatized preference relation $\succeq$ on the space $\tilde{V}$ of random variables induces an ambiguity index $c$ on the space…
Some aspects of application of the Uncertainty Principle in the range of interaction radiation with matter surveyed. The procedure of adjustment is proposed at calculation of values of an electromagnetic energy in a quantum theory of a…
Uncertainty representation and quantification are paramount in machine learning and constitute an important prerequisite for safety-critical applications. In this paper, we propose novel measures for the quantification of aleatoric and…
Categorization is necessary for many decision making tasks. However, the categorization process may interfere the decision making result and the law of total probability can be violated in some situations. To predict the interference effect…
In quantum logic, i.e., within the structure of the Hilbert lattice imposed on all closed linear subspaces of a Hilbert space, the assignment of truth values to quantum propositions (i.e., experimentally verifiable propositions relating to…
In this letter, we point to three widely accepted challenges that the quantum theory, quantum information, and quantum foundations communities are currently facing: indeterminism, the semantics of conditional probabilities, and the spooky…
Quantum cognition often explains order effects, contextuality, and violations of the law of total probability by replacing classical probability with quantum probability on a fixed event structure. This paper proposes a different…
In the present article we consider the inverse fallacy, a well known cognitive heuristic experimentally tested in cognitive science, which occurs for intuitive judgments in situations of bounded rationality. We show that the quantum…
The role of the Uncertainty Principle is examined through the examples of squeezing, information capacity, and position monitoring. It is suggested that more attention should be directed to conceptual considerations in quantum information…
We give a mathematical definition for the notion of inconclusive quantum measurements. In physics, such measurements occur at intermediate stages of a complex measurement procedure, with the final measurement result being operationally…