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The paperdesigns a quantum model of decision-making QMDM that utilizes neuroscientificevidence. The new model provides both normative and positive implications toeconomics. First, it enhances the study of decision-making which is anextension of the expected utility theory EUT in mathematical economics.Second, we demonstrate how the quantum model mitigates drawbacks of theexpected utility theory of today.

KEYWORDS

Quantum Theory in Economics, Decision-Making, Utility Maximization

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.





Author: Bodo Herzog*

Source: http://www.scirp.org/



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