Measurable systems and behavioral sciences

V.. Danilov and Ariane Lambert-Mogiliansky ()

Mathematical Social Sciences, 2008, vol. 55, issue 3, pages 315-340

Abstract: Individual choices often depend on the order in which the decisions are made. In this paper, we expose a general theory of measurable systems (an example of which is an individual characterized by her preferences) allowing for incompatible (non-commuting) measurements. The basic concepts are illustrated in an example of non-classical rational choice. We conclude with a discussion of some of the basic properties of non-classical systems in the context of social sciences. In particular, we argue that the distinctive feature of non-classical systems translates into a formulation of bounded rationality.

Date: 2008
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Persistent link: http://EconPapers.repec.org/RePEc:eee:matsoc:v:55:y:2008:i:3:p:315-340

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