are information seeking otherwise. Because belief updating depends on the decision problem in which new information is …

preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …

preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …

Expected utility theory (EUT) is currently the standard framework which formally defines rational decision-making under …

This paper focuses on information acquisition and individual decision making in ambiguous situations and presents a …, subjects can reduce or even eliminate the ambiguity and turn the decision situation into one of risk. Under the assumption that … an ambiguity averse subject should reduce ambiguity within a decision process we predicted that these subjects would …

We present the first calibration of quantum decision theory (QDT) to an empirical data set. The data comprise 91 …. The prediction of choice reversal is then refined by introducing heterogeneity between decision makers through a … differentiation of the population into two similar sized groups in terms of "over-confident" and "contrarian" decision makers. This …

This paper analyzes dynamic choice for ambiguity-sensitive decision makers. It demonstrates that unambiguous behavioral … predictions can be obtained, even in the face of dynamic inconsistency, by taking the individual's preferences over decision trees … assumption about the way individuals resolve conflicts between preferences at different decision points. The main result employs …

We propose a new parametrization of Quantum Decision Theory (QDT), based on Rank Dependent Utility Theory (RDU). Using … experimental data made of choices between pairs of lotteries, we compare QDT with "classical" decision theories, RDU and Cumulative … decision makers as either RDU, RDU-based QDT, CPT or CPT-based QDT. Our major findings are the following: the quantum …