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This paper describes an approach to economics that is inspired by quantum computing, and is motivated by the need to develop a consistent quantum mathematical framework for economics. The traditional neoclassical approach assumes that…

General Finance · Quantitative Finance 2021-03-22 David Orrell , Monireh Houshmand

Research has shown that the addition of abstention as an option transforms social dilemmas to rock-paper-scissor type games, where defectors dominate cooperators, cooperators dominate abstainers (loners), and abstainers (loners), in turn,…

Computer Science and Game Theory · Computer Science 2018-12-12 Marcos Cardinot , Josephine Griffith , Colm O'Riordan , Matjaz Perc

The influence of additional information on the decision making of agents, who are interacting members of a society, is analyzed within the mathematical framework based on the use of quantum probabilities. The introduction of social…

Physics and Society · Physics 2015-10-14 V. I. Yukalov , D. Sornette

An approach is presented treating decision theory as a probabilistic theory based on quantum techniques. Accurate definitions are given and thorough analysis is accomplished for the quantum probabilities describing the choice between…

Artificial Intelligence · Computer Science 2022-06-06 V. I. Yukalov

We consider the following model of decision-making by cognitive systems. We present an algorithm -- quantum-like representation algorithm (QLRA) -- which provides a possibility to represent probabilistic data of any origin by complex…

General Physics · Physics 2010-11-30 Andrei Khrennikov

We study transformations of conventional (`classical') probabilities induced by context transitions. It is demonstrated that the transition from one complex of conditions to another induces a perturbation of the classical rule for the…

Quantum Physics · Physics 2007-05-23 Andrei Khrennikov

Classical evaluations of configurations of intertwined quantum contexts induce relations, such as true-implies-false, true-implies-true, but also nonseparability among the input and output terminals. When combined, these exploitable…

Quantum Physics · Physics 2020-05-14 Karl Svozil

We show that the so-called quantum probabilistic rule, usually presented in the physical literature as an argument of the essential distinction between the probability relations under quantum and classical measurements, is not, as it is…

Quantum Physics · Physics 2019-11-19 Andrei Khrennikov , Elena Loubenets

The aim of "A glance beyond the quantum model" [arXiv:0907.0372] to modernize the Correspondence Principle is compromised by an assumption that a classical model must start with the idea of particles, whereas in empirical terms particles…

Quantum Physics · Physics 2010-02-01 Peter Morgan

The broader scope of our investigations is the search for the way in which concepts and their combinations carry and influence meaning and what this implies for human thought. More specifically, we examine the use of the mathematical…

Mathematical Physics · Physics 2010-04-16 Diederik Aerts

As an undergraduate exercise, in an article (2012 Am. J. Phys. $\bf{80}$ 780-14), quantum and classical uncertainties for dimensionless variables of position and momentum were evaluated in three potentials: infinite well, bouncing ball, and…

Quantum Physics · Physics 2016-08-09 R. Kheiri

In this PhD thesis the ancient question of determinism ('Does every event have a cause ?') will be re-examined. In the philosophy of science and physics communities the orthodox position states that the physical world is indeterministic:…

Quantum Physics · Physics 2014-03-04 Louis Vervoort

The construction of a consistent theory for structuring and representing how concepts combine and interact is one of the main challenges for the scholars involved in cognitive studies. All traditional approaches are still facing serious…

Physics and Society · Physics 2014-06-27 Sandro Sozzo

There exist several phenomena (systems) breaking the classical probability laws. Such systems are contextual dependent adaptive systems. In this paper, we present a new mathematical formula to compute the probability in those systems by…

Quantum Physics · Physics 2011-05-25 Masanari Asano , Irina Basieva , Andrei Khrennikov , Masanori Ohya , Ichiro Yamato

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…

Artificial Intelligence · Computer Science 2017-03-09 Zichang He , Wen Jiang

The original Wigner's friend paradox is a gedankenexperiment involving an observer described by an external agent. The paradox highlights the tension between unitary evolution and collapse in quantum theory, and is sometimes taken as…

Quantum Physics · Physics 2021-10-22 Matteo Lostaglio , Joseph Bowles

In quantum game theory, one of the most intriguing and important questions is, "Is it possible to get quantum advantages without any modification of the classical game?" The answer to this question so far has largely been negative. So far,…

Quantum Physics · Physics 2016-02-16 Jeongho Bang , Junghee Ryu , Marcin Pawłowski , B. S. Ham , Jinhyoung Lee

In a two-stage repeated classical game of prisoners' dilemma the knowledge that both players will defect in the second stage makes the players to defect in the first stage as well. We find a quantum version of this repeated game where the…

Quantum Physics · Physics 2015-06-26 A. Iqbal , A. H. Toor

In this universe, governed fundamentally by quantum mechanical laws, characterized by indeterminism and distributed probabilities, classical deterministic laws are applicable over a wide range of time, place, and scale. We review the origin…

General Relativity and Quantum Cosmology · Physics 2008-02-03 James B. Hartle

We analyze complexity of financial (and general economic) processes by comparing classical and quantum-like models for randomness. Our analysis implies that it might be that a quantum-like probabilistic description is more natural for…

Statistical Finance · Quantitative Finance 2014-03-13 Andrei Khrennikov
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