Measurable systems and behavioral sciences
Copyright policy )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.
36 pages, 3 figures
Physics - Physics and Society, 330, Properties, orthospace, FOS: Physical sciences, incompatible measurements, bounded rationality, Physics and Society (physics.soc-ph), Decision theory, state, Non-classical system, Orthospace, [SHS.ECO] Humanities and Social Sciences/Economics and Finance, Measurement theory in the social and behavioral sciences, and Heterodox Approaches/B.B4 - Economic Methodology/B.B4.B41 - Economic Methodology, Incompatible measurements, Bounded rationality, Methodology, and Uncertainty/D.D8.D80 - General, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, JEL: D - Microeconomics/D.D8 - Information, JEL: C - Mathematical and Quantitative Methods/C.C6 - Mathematical Methods • Programming Models • Mathematical and Simulation Modeling/C.C6.C65 - Miscellaneous Mathematical Tools, JEL: B - History of Economic Thought, Knowledge, properties, non-classical system, State
Physics - Physics and Society, 330, Properties, orthospace, FOS: Physical sciences, incompatible measurements, bounded rationality, Physics and Society (physics.soc-ph), Decision theory, state, Non-classical system, Orthospace, [SHS.ECO] Humanities and Social Sciences/Economics and Finance, Measurement theory in the social and behavioral sciences, and Heterodox Approaches/B.B4 - Economic Methodology/B.B4.B41 - Economic Methodology, Incompatible measurements, Bounded rationality, Methodology, and Uncertainty/D.D8.D80 - General, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, JEL: D - Microeconomics/D.D8 - Information, JEL: C - Mathematical and Quantitative Methods/C.C6 - Mathematical Methods • Programming Models • Mathematical and Simulation Modeling/C.C6.C65 - Miscellaneous Mathematical Tools, JEL: B - History of Economic Thought, Knowledge, properties, non-classical system, State
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