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Quantum decision making by social agents

  • V. I. Yukalov
  • D. Sornette
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    Decision making of agents who are members of a society is analyzed from the point of view of quantum decision theory. This generalizes the approach, developed earlier by the authors for separate individuals, to decision making under the influence of social interactions. The generalized approach not only avoids paradoxes, typical of classical decision making based on utility theory, but also explains the error-attenuation effects observed for the paradoxes occurring when decision makers, who are members of a society, consult with each other increasing in this way the available mutual information.

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    File URL: http://arxiv.org/pdf/1202.4918
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    Paper provided by arXiv.org in its series Papers with number 1202.4918.

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    Date of creation: Feb 2012
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    Publication status: Published in International Journal of Information Technology & Decision Making 13 (2014) (pages 1-38)
    Handle: RePEc:arx:papers:1202.4918
    Contact details of provider: Web page: http://arxiv.org/

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