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Quantum Type Indeterminacy in Dynamic Decision-Making: Self-control Through Identity Management

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Author Info

  • Jérôme Busemeyer

    (Indiana University - Indiana University)

  • Ariane Lambert-Mogiliansky

    (PSE - Paris-Jourdan Sciences Economiques - CNRS : UMR8545 - École des Hautes Études en Sciences Sociales (EHESS) - École des Ponts ParisTech (ENPC) - École normale supérieure [ENS] - Paris - Institut national de la recherche agronomique (INRA), EEP-PSE - Ecole d'Économie de Paris - Paris School of Economics - Ecole d'Économie de Paris)

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    Abstract

    The Type Indeterminacy model is a theoretical framework that uses some elements of quantum formalism to model the constructive preference perspective suggested by Kahneman and Tversky. In a dynamic decision context type indeterminacy induces a game with multiple selves associated with a state transition process. We define a Markov perfect equilibrium among the selves with individual identity (preferences) as the state variable. The approach allows to characterize generic personality types and derive some comparative static results.

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    Bibliographic Info

    Paper provided by HAL in its series Working Papers with number halshs-00692024.

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    Date of creation: Apr 2012
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    Handle: RePEc:hal:wpaper:halshs-00692024

    Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00692024
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    Related research

    Keywords: Indeterminacy ; Decision-making ; Self-control ; Identity;

    This paper has been announced in the following NEP Reports:

    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Jerry Busemeyer & Ariane Lambert-Mogiliansky, 2009. "TI-games I: An exploration of Type Indeterminacy in strategic decision-making," PSE Working Papers halshs-00566780, HAL.
    2. Kirchsteiger, Georg & Rigotti, Luca & Rustichini, Aldo, 2006. "Your morals might be your moods," Journal of Economic Behavior & Organization, Elsevier, vol. 59(2), pages 155-172, February.
    3. V. Danilov & A. Lambert-Mogiliansky, 2010. "Expected utility theory under non-classical uncertainty," Theory and Decision, Springer, vol. 68(1), pages 25-47, February.
    4. Fudenberg, Drew & Levine, David, 2006. "A Dual-Self Model of Impulse Control," Scholarly Articles 3196335, Harvard University Department of Economics.
    5. Maskin, Eric & Tirole, Jean, 2001. "Markov Perfect Equilibrium: I. Observable Actions," Journal of Economic Theory, Elsevier, vol. 100(2), pages 191-219, October.
    6. Danilov, V.I. & Lambert-Mogiliansky, A., 2008. "Measurable systems and behavioral sciences," Mathematical Social Sciences, Elsevier, vol. 55(3), pages 315-340, May.
    7. Ariane Lambert-Mogiliansky, 2010. "Endogenous preferences in games with type indeterminate players," PSE Working Papers halshs-00564895, HAL.
    8. Bénabou, Roland & Tirole, Jean, 2002. "Willpower and Personal Rules," CEPR Discussion Papers 3143, C.E.P.R. Discussion Papers.
    9. Hey, John D. & Knoll, Julia A., 2007. "How far ahead do people plan?," Economics Letters, Elsevier, vol. 96(1), pages 8-13, July.
    10. Ariane Lambert-Mogiliansky, 2010. "Endogenous preferences in games with type indeterminate players," Working Papers halshs-00564895, HAL.
    11. Pierfrancesco La Mura, 2003. "Correlated Equilibria of Classical Strategic Games with Quantum Signals," Game Theory and Information 0309001, EconWPA.
    12. Drew Fudenberg & Jean Tirole, 1991. "Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262061414, January.
    13. Peleg, Bezalel & Yaari, Menahem E, 1973. "On the Existence of a Consistent Course of Action when Tastes are Changing," Review of Economic Studies, Wiley Blackwell, vol. 40(3), pages 391-401, July.
    14. Jerry Busemeyer & Ariane Lambert-Mogiliansky, 2009. "TI-games I: An exploration of Type Indeterminacy in strategic decision-making," Working Papers halshs-00566780, HAL.
    15. Ariane Lambert Mogiliansky & Shmuel Zamir & Herve Zwirn, 2003. "Type Indeterminacy: A Model of the KT(Kahneman-Tversky)-man," Discussion Paper Series dp343, The Center for the Study of Rationality, Hebrew University, Jerusalem.
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