Laboratory Games and Quantum Behaviour: The Normal Form with a Separable State Space

Peter Hammond

No 270755, Economic Research Papers from University of Warwick - Department of Economics

Abstract: The subjective expected utility (SEU) criterion is formulated for a particular four-person “laboratory game” that a Bayesian rational decision maker plays with Nature, Chance, and an Experimenter who influences what quantum behaviour is observable by choosing an orthonormal basis in a separable complex Hilbert space of latent variables. Nature chooses a state in this basis, along with an observed data series governing Chance’s random choice of consequence. When Gleason’s theorem holds, imposing quantum equivalence implies that the expected likelihood of any data series w.r.t. prior beliefs equals the trace of the product of appropriate subjective density and likelihood operators.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 11
Date: 2011-09-12
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/270755/files/twerp_969.pdf (application/pdf)
https://ageconsearch.umn.edu/record/270755/files/twerp_969.pdf?subformat=pdfa (application/pdf)

Related works:
Working Paper: Laboratory Games and Quantum Behaviour: The Normal Form with a Separable State Space (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:270755

DOI: 10.22004/ag.econ.270755

Access Statistics for this paper

More papers in Economic Research Papers from University of Warwick - Department of Economics
Bibliographic data for series maintained by AgEcon Search ().