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Decision theory with a Hilbert space as possibility space

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...

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Bibliographic Details
Main Authors: Eichberger, Jürgen (Author) , Pirner, Hans J. (Author)
Format: Book/Monograph Working Paper
Language:English
Published: Heidelberg University of Heidelberg, Department of Economics July 19, 2017
Series:Discussion paper series / University of Heidelberg, Department of Economics no. 637
In: Discussion paper series (no. 637)

Subjects:
Arbeitspapier
Graue Literatur
Online Access:Resolving-System, kostenfrei, Volltext: http://nbn-resolving.de/urn:nbn:de:bsz:16-heidok-233885
Resolving-System, kostenfrei, Volltext: http://hdl.handle.net/10419/179267
Verlag, kostenfrei, Volltext: http://www.ub.uni-heidelberg.de/archiv/23388
Verlag, kostenfrei, Volltext: http://archiv.ub.uni-heidelberg.de/volltextserver/23388/1/dp637.pdf
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Author Notes:Jürgen Eichberger and Hans Jürgen Pirner
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Summary: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.
Physical Description:Online Resource

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