Decision Making and Quantum Probability

Emmanuel E. Haven, Andrei Yu. Khrennikov

Qiang Sun

Quantum interference effects play a fundamental role in social decision-making, offering a novel perspective beyond classical decision theories. This study explores the theoretical foundations of quantum decision-making, emphasizing the role of quantum probability in explaining cognitive biases, preference reversals, and decision anomalies. The research presents a quantum probability-based decision model and contrasts it with classical probability models. Through theoretical modeling and experimental design, we demonstrate how quantum interference alters decision probabilities and impacts group decision dynamics. The study further examines the applications of quantum decision theory in game theory, policy-making, financial markets, and artificial intelligence. Our findings suggest that quantum probability provides a more comprehensive and realistic framework for understanding human decision-making processes. Future research should focus on empirical validation, interdisciplinary integration, and the application of quantum computing to social decision modeling.

Lee C. White, Emmanuel M. Pothos, Jerome R. Busemeyer

Organizational decision making is often explored with theories from the heuristics and biases research program, which have demonstrated great value as descriptions of how people in organizations make decisions. Nevertheless, rational analysis and classical probability theory are still seen by many as the best accounts of how decisions should be made and classical probability theory is the preferred framework for cognitive modelling for many researchers. The focus of this work is quantum probability theory, an alternative probabilistic framework. Results in decision making, which appear paradoxical from a perspective of classical probability theory, may make perfect sense if one adopts quantum probability theory. We review some cognitive models of decision making based on quantum probability theory. Each of these models is based on a challenge to prescription from classical probability theory. The transition from labeling a particular behavior as irrational, by classical probability standards, to (potentially) rational (or, at any rate, not fallacious), raises interesting possibilities, including that of characterizing certain heuristics in formal, probabilistic terms.

Hervé Zwirn C

Vyacheslav I. Yukalov

Shahram Dehdashti, Lauren Fell, Peter Bruza

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.