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Quantum Structures in Human Decision-making: Towards Quantum Expected Utility

arXiv
Authors: Sandro Sozzo

Year

2018

Paper ID

23741

Status

Preprint

Abstract Read

~2 min

Abstract Words

143

Citations

N/A

Abstract

{\it Ellsberg thought experiments} and empirical confirmation of Ellsberg preferences pose serious challenges to {\it subjective expected utility theory} (SEUT). We have recently elaborated a quantum-theoretic framework for human decisions under uncertainty which satisfactorily copes with the Ellsberg paradox and other puzzles of SEUT. We apply here the quantum-theoretic framework to the {\it Ellsberg two-urn example}, showing that the paradox can be explained by assuming a state change of the conceptual entity that is the object of the decision {it decision-making}, or {it DM}, {it entity} and representing subjective probabilities by quantum probabilities. We also model the empirical data we collected in a DM test on human participants within the theoretic framework above. The obtained results are relevant, as they provide a line to model real life, e.g., financial and medical, decisions that show the same empirical patterns as the two-urn experiment.

Why This Paper Matters

  • This paper contributes to the Quantum Machine Learning research area in the Quantum Articles archive.
  • It adds a 2018 reference point for readers tracking recent quantum research.
  • it Ellsberg thought experiments and empirical confirmation of Ellsberg preferences pose serious challenges to it subjective expected utility theory (SEUT).

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