Measurable systems and behavioral sciences
AbstractIndividual choices often depend on the order in which the decisions are made. In this paper, we expose a general theory of measurable systems (an example of which is an individual characterized by her preferences) allowing for incompatible (non-commuting) measurements. The basic concepts are illustrated in an example of non-classical rational choice. We conclude with a discussion of some of the basic properties of non-classical systems in the context of social sciences. In particular, we argue that the distinctive feature of non-classical systems translates into a formulation of bounded rationality.
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Bibliographic InfoArticle provided by Elsevier in its journal Mathematical Social Sciences.
Volume (Year): 55 (2008)
Issue (Month): 3 (May)
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Web page: http://www.elsevier.com/locate/inca/505565
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