Quantum mechanics and violations of the sure-thing principle: The use of probability interference and other concepts |
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| Authors: | Andrei Yu. Khrennikov |
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| Affiliation: | a International Center for Mathematical Modelling in Physics and Cognitive Sciences, MSI, University of Växjö, Sweden
b School of Management, University of Leicester, United Kingdom |
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| Abstract: | The use of quantum mechanical concepts in social science is a fairly new phenomenon. This paper uses one of quantum mechanics’ most basic concepts, probability interference, to explain the violation of an important decision theory principle (the ‘sure-thing principle’). We also attempt to introduce other quantum mechanical concepts in relation to the sure-thing principle violation. |
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| Keywords: | Sure-thing principle Probability interference Contextual probability Ellsberg paradox Information function Financial arbitrage Ambiguity |
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