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 JQIS  Vol.5 No.1 , March 2015
Quantum Model of Decision-Making in Economics
Abstract: 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.
Cite this paper: Herzog, B. (2015) Quantum Model of Decision-Making in Economics. Journal of Quantum Information Science, 5, 1-5. doi: 10.4236/jqis.2015.51001.
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