Dynamic consistency of expected utility under non-classical (quantum) uncertainty

Article dans une revue: Quantum cognition in decision making is a recent and rapidly growing field. In this paper, we develop an expected utility theory in a context of non-classical (quantum) uncertainty. We replace the classical state space with a Hilbert space which allows introducing the concept of quantum lottery. Within that framework, we formulate axioms on preferences over quantum lotteries to establish a representation theorem. We show that demanding the consistency of choice behavior conditional on new information is equivalent to the von Neumann–Lüders postulate applied to beliefs. A dynamically consistent quantum-like agent may violate dynamic recursive consistency, however. This feature suggests interesting applications in behavioral economics as we illustrate in an example of persuasion.

Auteur(s)

Vladimir Ivanovitch Danilov, Ariane Lambert-Mogiliansky, Vassili Vergopoulos

Revue
  • Theory and Decision
Date de publication
  • 2018
Mots-clés
  • Quantum lottery
  • Decision-making
  • Uncertainty
  • Dynamic consistency
Pages
  • 645 – 670
Version
  • 1
Volume
  • 84