Decision theory with a state of mind represented by an element of a Hilbert space: The Ellsberg paradox
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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| Main Authors: | , |
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| Format: | Article (Journal) |
| Language: | English |
| Published: |
23 February 2018
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| In: |
Journal of mathematical economics
Year: 2018, Volume: 78, Pages: 131-141 |
| ISSN: | 0304-4068 |
| DOI: | 10.1016/j.jmateco.2018.02.003 |
| Online Access: | Verlag, Volltext: https://doi.org/10.1016/j.jmateco.2018.02.003 Verlag, Volltext: http://www.sciencedirect.com/science/article/pii/S0304406818300193 
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| Author Notes: | Jürgen Eichberger, Hans Jürgen Pirner |