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Macroscopic analogs of quantum-mechanical phenomena and auto-transformations of functions

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  • Harin, Alexander

Abstract

The two main goals of the present article are: 1) To prove an existence theorem for forbidden zones for the expectations of real-valued random variables. 2) To define transformations (named here as auto-transformations) of the probability density functions (PDFs) of random variables into similar PDFs having smaller sizes of their domains and to outline their basic features. Such transformations can be used also for functions beyond the scope of the probability theory. The goals are caused by the well-known problems of behavioral sciences, e.g., by the underweighting of high and the overweighting of low probabilities, risk aversion, the Allais paradox, etc.

Suggested Citation

  • Harin, Alexander, 2020. "Macroscopic analogs of quantum-mechanical phenomena and auto-transformations of functions," MPRA Paper 104188, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:104188
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    File URL: https://mpra.ub.uni-muenchen.de/104188/1/MPRA_paper_104188.pdf
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    References listed on IDEAS

    as
    1. Alexander Harin, 2012. "Data Dispersion in Economics(II) - Inevitability and Consequences of Restrictions," Review of Economics & Finance, Better Advances Press, Canada, vol. 2, pages 24-36, November.
    2. Schoemaker, Paul J. H. & Hershey, John C., 1992. "Utility measurement: Signal, noise, and bias," Organizational Behavior and Human Decision Processes, Elsevier, vol. 52(3), pages 397-424, August.
    3. Harin, Alexander, 2020. "Behavioral sciences and auto-transformations of functions," MPRA Paper 99286, University Library of Munich, Germany.
    4. Harin, Alexander, 2018. "Inequalities and zones. New mathematical results for behavioral and social sciences," MPRA Paper 90326, University Library of Munich, Germany.
    5. Harin, Alexander, 2018. "Forbidden zones for the expectation. New mathematical results for behavioral and social sciences," MPRA Paper 86650, University Library of Munich, Germany.
    6. Richard H. Thaler, 2016. "Behavioral Economics: Past, Present, and Future," American Economic Review, American Economic Association, vol. 106(7), pages 1577-1600, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Expectations; Boundaries; Forbidden zones; Domains; Utility;
    All these keywords.

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations

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