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MSS
2008
IEEE

Measurable systems and behavioral sciences

8 years 10 months ago
Measurable systems and behavioral sciences
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's 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. JEL: D80, C65, B41
V. I. Danilov, Ariane Lambert-Mogiliansky
Added 13 Dec 2010
Updated 13 Dec 2010
Type Journal
Year 2008
Where MSS
Authors V. I. Danilov, Ariane Lambert-Mogiliansky
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