Quantum Probability and Quantum Decision Making

Philosophical Transactions of Royal Society A, Vol. 374, 20150100, 2016

18 Pages Posted: 12 Jan 2016

See all articles by Vyacheslav I. Yukalov

Vyacheslav I. Yukalov

Joint Institute for Nuclear Research; D-MTEC, ETH Zurich

Didier Sornette

Risks-X, Southern University of Science and Technology (SUSTech); Swiss Finance Institute; ETH Zürich - Department of Management, Technology, and Economics (D-MTEC); Tokyo Institute of Technology

Date Written: January 11, 2016

Abstract

A rigorous general definition of quantum probability is given, which is valid for elementary events and for composite events, for operationally testable measurements as well as for inconclusive measurements, and also for non-commuting observables in addition to commutative observables. Our proposed definition of quantum probability makes it possible to describe quantum measurements and quantum decision making on the same common mathematical footing. Conditions are formulated for the case when quantum decision theory reduces to its classical counterpart and for the situation where the use of quantum decision theory is necessary.

Keywords: quantum decision making, quantum probability, quantum measurements

Suggested Citation

Yukalov, Vyacheslav I. and Sornette, Didier, Quantum Probability and Quantum Decision Making (January 11, 2016). Philosophical Transactions of Royal Society A, Vol. 374, 20150100, 2016, Available at SSRN: https://ssrn.com/abstract=2713886

Vyacheslav I. Yukalov (Contact Author)

Joint Institute for Nuclear Research ( email )

Bogolubov Laboratory of Theoretical Physics
Dubna, 141980
Russia

D-MTEC, ETH Zurich ( email )

Zurich
Switzerland

Didier Sornette

Risks-X, Southern University of Science and Technology (SUSTech) ( email )

1088 Xueyuan Avenue
Shenzhen, Guangdong 518055
China

Swiss Finance Institute ( email )

c/o University of Geneva
40, Bd du Pont-d'Arve
CH-1211 Geneva 4
Switzerland

ETH Zürich - Department of Management, Technology, and Economics (D-MTEC) ( email )

Scheuchzerstrasse 7
Zurich, ZURICH CH-8092
Switzerland
41446328917 (Phone)
41446321914 (Fax)

HOME PAGE: http://www.er.ethz.ch/

Tokyo Institute of Technology ( email )

2-12-1 O-okayama, Meguro-ku
Tokyo 152-8550, 52-8552
Japan

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