Eichberger, Jürgen ; Pirner, Hans Jürgen
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Abstract
In this paper, we propose an interpretation of the Hilbert space method used in quantum theory in the context of decision making under uncertainty. For a clear comparison we will stay as close as possible to the framework of SEU suggested by Savage (1954). We will use the Ellsberg (1961) paradox to illustrate the potential of our approach to deal with well-known paradoxa of decision theory.
| Document type: | Working paper |
|---|---|
| Series Name: | Discussion Paper Series |
| Volume: | 0637 |
| Place of Publication: | Heidelberg |
| Date Deposited: | 11 Sep 2017 09:27 |
| Date: | 19 July 2017 |
| Number of Pages: | 22 |
| Faculties / Institutes: | The Faculty of Economics and Social Studies > Alfred-Weber-Institut for Economics |
| DDC-classification: | 330 Economics |
| Uncontrolled Keywords: | Decision theory, uncertainty, Ellsberg paradox, quantum theory, Hilbert space, possibility space |
| Series: | Discussion Paper Series / University of Heidelberg, Department of Economics |
