Related papers: A Proposal to Extend Expected Utility in a Quantum…
The long-standing unitary-actor assumption in strategy research -- treating firms as monolithic entities with coherent preferences -- misses that organizations are coalitions of individuals with diverse and often conflicting goals. Although…
The entropic way of formulating Heisenberg's uncertainty principle not only plays a fundamental role in applications of quantum information theory but also is essential for manifesting genuine nonclassical features of quantum systems. In…
We present a quantum-like (QL) model in that contexts (complexes of e.g. mental, social, biological, economic or even political conditions) are represented by complex probability amplitudes. This approach gives the possibility to apply the…
Recent high-precision experimental confirmations of quantum complementarity have revitalized foundational debates about measurement, description, and realism. This article argues that complementarity is most productively interpreted as an…
Classic decision-theory is based on the maximum expected utility (MEU) principle, but crucially ignores the resource costs incurred when determining optimal decisions. Here we propose an axiomatic framework for bounded decision-making that…
This paper proposes a decision theory for a symbolic generalization of probability theory (SP). Darwiche and Ginsberg [2,3] proposed SP to relax the requirement of using numbers for uncertainty while preserving desirable patterns of…
This paper studies a one-sector optimal growth model with i.i.d. productivity shocks that are allowed to be unbounded. The utility function is assumed to be non-negative and unbounded from above. The novel feature in our framework is that…
We present mathematical and conceptual foundations for the task of robust amplitude estimation using engineered likelihood functions (ELFs), a framework introduced in Wang et al. [PRX Quantum 2, 010346 (2021)] that uses Bayesian inference…
One of the most complex systems is the human brain whose formalized functioning is characterized by decision theory. We present a "Quantum Decision Theory" of decision making, based on the mathematical theory of separable Hilbert spaces.…
Motivated by the recently launched mobile data trading markets (e.g., China Mobile Hong Kong's 2nd exChange Market), in this paper we study the mobile data trading problem under the future data demand uncertainty. We introduce a…
We investigate a class of binary choice models with social interactions. We propose a unifying perspective that integrates economic models using a utility function and psychological models using an impact function. A general approach for…
Decision theory does not traditionally include uncertainty over utility functions. We argue that the a person's utility value for a given outcome can be treated as we treat other domain attributes: as a random variable with a density…
It is well known that ex ante social preferences and expected utility are not always compatible. In this note, we introduce a novel framework that naturally separates social preferences from selfish preferences to answer the following…
We present a formal measure of argument strength, which combines the ideas that conclusions of strong arguments are (i) highly probable and (ii) their uncertainty is relatively precise. Likewise, arguments are weak when their conclusion…
Quantum theory provides a comprehensive framework for quantifying uncertainty, often applied in quantum finance to explore the stochastic nature of asset returns. This perspective likens returns to microscopic particle motion, governed by…
Scientific Machine Learning is a new class of approaches that integrate physical knowledge and mechanistic models with data-driven techniques for uncovering governing equations of complex processes. Among the available approaches, Universal…
The complexity of online decision-making under uncertainty stems from the requirement of finding a balance between exploiting known strategies and exploring new possibilities. Naturally, the uncertainty type plays a crucial role in…
There has been an upsurge of interest in the consequences for quantum physics of the so-called Wigner's Friend Paradox. In its original formulation, the paradox has been turned inside out, and virtually every aspect of it has been looked…
I present a proof of the quantum probability rule from decision-theoretic assumptions, in the context of the Everett interpretation. The basic ideas behind the proof are those presented in Deutsch's recent proof of the probability rule, but…
This paper studies decision problems where the decision maker's choice of action affects the probability distribution of a payoff relevant random variable. We establish sufficient conditions for the existence of an expected utility…