Abstract
This article presents a general framework that allows irrational decision making to be theoretically investigated and simulated. Rationality in human decision making under uncertainty is normatively prescribed by the axioms of probability theory in order to maximize utility. However, substantial literature from psychology and cognitive science shows that human decisions regularly deviate from these axioms. Bistable probabilities are proposed as a principled and straight forward means for modeling (ir)rational decision making, which occurs when a decision maker is in “two minds”. We show that bistable probabilities can be formalized by positive-operator-valued projections in quantum mechanics. We found that (1) irrational decision making necessarily involves a wider spectrum of causal relationships than rational decision making, (2) the accessible information turns out to be greater in irrational decision making when compared to rational decision making, and (3) irrational decision making is quantum-like because it violates the Bell–Wigner polytope.
Subject
General Physics and Astronomy
Reference44 articles.
1. The Probabilistic Mind: Prospects for Bayesian Cognitive Science;Chater,2008
2. Bayesian models of cognition revisited: Setting optimality aside and letting data drive psychological theory.
3. Theories of bounded rationality;Simon;Decis. Organ.,1972
4. In two minds: dual-process accounts of reasoning
5. Towards a Quantum-Like Cognitive Architecture for Decision-Making;Moreira;arXiv,2019
Cited by
4 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献