Quantum-like dynamics of decision-making

Masanari Asano, Irina Basieva, Andrei Khrennikov, Masanori Ohya and Yoshiharu Tanaka

Physica A: Statistical Mechanics and its Applications, 2012, vol. 391, issue 5, 2083-2099

Abstract: In cognitive psychology, some experiments for games were reported, and they demonstrated that real players did not use the “rational strategy” provided by classical game theory and based on the notion of the Nasch equilibrium. This psychological phenomenon was called the disjunction effect. Recently, we proposed a model of decision making which can explain this effect (“irrationality” of players) Asano et al. (2010, 2011) [23,24]. Our model is based on the mathematical formalism of quantum mechanics, because psychological fluctuations inducing the irrationality are formally represented as quantum fluctuations Asano et al. (2011) [55]. In this paper, we reconsider the process of quantum-like decision-making more closely and redefine it as a well-defined quantum dynamics by using the concept of lifting channel, which is an important concept in quantum information theory. We also present numerical simulation for this quantum-like mental dynamics. It is non-Markovian by its nature. Stabilization to the steady state solution (determining subjective probabilities for decision making) is based on the collective effect of mental fluctuations collected in the working memory of a decision maker.

Keywords: Decision making; Quantum-like model; Game theory; Prisoner’s dilemma; Behavioral economics; Quantum channels; Lifting; Mental state (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:391:y:2012:i:5:p:2083-2099

DOI: 10.1016/j.physa.2011.11.042

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