Quantum Model of Decision-Making in Economics


The paper designs a quantum model of decision-making (QMDM) that utilizes neuroscientific evidence. The new model provides both normative and positive implications to economics. First, it enhances the study of decision-making which is an extension of the expected utility theory (EUT) in mathematical economics. Second, we demonstrate how the quantum model mitigates drawbacks of the expected utility theory of today.

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Herzog, B. (2015) Quantum Model of Decision-Making in Economics. Journal of Quantum Information Science, 5, 1-5. doi: 10.4236/jqis.2015.51001.

Conflicts of Interest

The authors declare no conflicts of interest.


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