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

• Type: Journal
• Year: 2008
• Where: MSS
• Authors: V. I. Danilov, Ariane Lambert-Mogiliansky
• Keywords: Hardware, Individual Choices, MSS 2008, Non-classical Rational Choice, Non-classical Systems