483 research outputs found
Recommended from our members
Quantum-like model of subjective expected utility
We present a very general quantum-like model of lottery selection based on representation of beliefs of an agent by pure quantum states. Subjective probabilities are mathematically realized in the framework of quantum probability (QP). Utility functions are borrowed from the classical decision theory. But in the model they are represented not only by their values. Heuristically one can say that each value ui=u(xi) is surrounded by a cloud of information related to the event (A,xi). An agent processes this information by using the rules of quantum information and QP. This process is very complex; it combines counterfactual reasoning for comparison between preferences for different outcomes of lotteries which are in general complementary. These comparisons induce interference type effects (constructive or destructive). The decision process is mathematically represented by the comparison operator and the outcome of this process is determined by the sign of the value of corresponding quadratic form on the belief state. This operational process can be decomposed into a few subprocesses. Each of them can be formally treated as a comparison of subjective expected utilities and interference factors (the latter express, in particular, risks related to lottery selection). The main aim of this paper is to analyze the mathematical structure of these processes in the most general situation: representation of lotteries by noncommuting operators
Piecewise smooth systems near a co-dimension 2 discontinuity manifold: can one say what should happen?
We consider a piecewise smooth system in the neighborhood of a co-dimension 2
discontinuity manifold . Within the class of Filippov solutions, if
is attractive, one should expect solution trajectories to slide on
. It is well known, however, that the classical Filippov
convexification methodology is ambiguous on . The situation is further
complicated by the possibility that, regardless of how sliding on is
taking place, during sliding motion a trajectory encounters so-called generic
first order exit points, where ceases to be attractive.
In this work, we attempt to understand what behavior one should expect of a
solution trajectory near when is attractive, what to expect
when ceases to be attractive (at least, at generic exit points), and
finally we also contrast and compare the behavior of some regularizations
proposed in the literature.
Through analysis and experiments we will confirm some known facts, and
provide some important insight: (i) when is attractive, a solution
trajectory indeed does remain near , viz. sliding on is an
appropriate idealization (of course, in general, one cannot predict which
sliding vector field should be selected); (ii) when loses attractivity
(at first order exit conditions), a typical solution trajectory leaves a
neighborhood of ; (iii) there is no obvious way to regularize the
system so that the regularized trajectory will remain near as long as
is attractive, and so that it will be leaving (a neighborhood of)
when looses attractivity.
We reach the above conclusions by considering exclusively the given piecewise
smooth system, without superimposing any assumption on what kind of dynamics
near (or sliding motion on ) should have been taking place.Comment: 19 figure
Probabilistic sophistication and reverse Bayesianism
This paper extends our earlier work on reverse Bayesianism by relaxing the assumption that decision makers abide by expected utility theory, assuming instead weaker axioms that merely imply that they are probabilistically sophisticated. We show that our main results, namely, (modified) representation theorems and corresponding rules for updating beliefs over expanding state spaces and null events that constitute “reverse Bayesianism,” remain valid
Quantum decision making by social agents
The influence of additional information on the decision making of agents, who
are interacting members of a society, is analyzed within the mathematical
framework based on the use of quantum probabilities. The introduction of social
interactions, which influence the decisions of individual agents, leads to a
generalization of the quantum decision theory developed earlier by the authors
for separate individuals. The generalized approach is free of the standard
paradoxes of classical decision theory. This approach also explains the
error-attenuation effects observed for the paradoxes occurring when decision
makers, who are members of a society, consult with each other, increasing in
this way the available mutual information. A precise correspondence between
quantum decision theory and classical utility theory is formulated via the
introduction of an intermediate probabilistic version of utility theory of a
novel form, which obeys the requirement that zero-utility prospects should have
zero probability weights.Comment: This paper has been withdrawn by the authors because a much extended
and improved version has been submitted as arXiv:1510.02686 under the new
title "Role of information in decision making of social agents
How brains make decisions
This chapter, dedicated to the memory of Mino Freund, summarizes the Quantum
Decision Theory (QDT) that we have developed in a series of publications since
2008. We formulate a general mathematical scheme of how decisions are taken,
using the point of view of psychological and cognitive sciences, without
touching physiological aspects. The basic principles of how intelligence acts
are discussed. The human brain processes involved in decisions are argued to be
principally different from straightforward computer operations. The difference
lies in the conscious-subconscious duality of the decision making process and
the role of emotions that compete with utility optimization. The most general
approach for characterizing the process of decision making, taking into account
the conscious-subconscious duality, uses the framework of functional analysis
in Hilbert spaces, similarly to that used in the quantum theory of
measurements. This does not imply that the brain is a quantum system, but just
allows for the simplest and most general extension of classical decision
theory. The resulting theory of quantum decision making, based on the rules of
quantum measurements, solves all paradoxes of classical decision making,
allowing for quantitative predictions that are in excellent agreement with
experiments. Finally, we provide a novel application by comparing the
predictions of QDT with experiments on the prisoner dilemma game. The developed
theory can serve as a guide for creating artificial intelligence acting by
quantum rules.Comment: Latex file, 20 pages, 3 figure
Implementation of reduced form mechanisms: a simple approach and a new characterization
Is Cumulative Prospect Theory a Serious Alternative for the Expected Utility Paradigm?
Paradoxes and Mechanisms for Choice under Risk
Experiments on choice under risk typically involve multiple decisions by individual subjects. The choice of mechanism for selecting decision(s) for payoff is an essential design feature unless subjects isolate each one of the multiple decisions. We report treatments with different payoff mechanisms but the same decision tasks. The data show large differences across mechanisms in subjects’ revealed risk preferences, a clear violation of isolation. We illustrate the importance of these mechanism effects by identifying their implications for classical tests of theories of decision under risk. We discuss theoretical properties of commonly used mechanisms, and new mechanisms introduced herein, in order to clarify which mechanisms are theoretically incentive compatible for which theories. We identify behavioral properties of some mechanisms that can introduce bias in elicited risk preferences – from cross-task contamination – even when the mechanism used is theoretically incentive compatible. We explain that selection of a payoff mechanism is an important component of experimental design in many topic areas including social preferences, public goods, bargaining, and choice under uncertainty and ambiguity as well as experiments on decisions under risk
Investigation of livestock for presence of Trypanosoma brucei gambiense in Tafa Local Government Area of Niger State, Nigeria
The study investigated the presence of Trypanosoma brucei gambiense in livestock to ascertain their reservoir role and also screened for other pathogenic trypanosomes of animals in Tafa Local Government Area of Niger state, Nigeria. A total of 460 livestock comprising (cattle, sheep, goats, and dogs) selected at random were bled, examined using the buffy coat and Giemsa stained thin film and packed cell volume estimated. Questionnaire was filled for each animal on demography, awareness and management practices. An overall prevalence of 2.17% with Trypanosoma brucei, T. congolense, T. vivax and a mixed infection of T. brucei and T. congolense observed microscopically awaiting characterization. Interviews revealed high awareness (82.8%) of tsetse and trypanosomiasis described as bush disease and abortion in four cows. The PCV values were within the normal range, however, a significant decrease (P<0.05) was observed in sheep aged 7months to 4years in two communities. Therefore, the study indicated the presence of T. brucei and other trypanosomes suggesting that animal trypanosomiasis is still a problem to animal health and wellbeing in the study area. The study recommends effective integrated chemotherapy and vector control including livestock rearing under intensive management system to boost livestock production and productivity
- …