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date: 26 February 2021

Abstract and Keywords

Quantum probability theory provides a new formalism for constructing probabilistic and dynamic systems of cognition and decision. The purpose of this chapter is to introduce psychologists to this fascinating theory. This chapter is organized into six sections. First, some of the basic psychological principles supporting a quantum approach to cognition and decision are summarized; second, some notations and definitions needed to understand quantum probability theory are presented; third, a comparison of quantum and classical probability theories is presented; fourth, quantum probability theory is used to account for some paradoxical findings in the field of human probability judgments; fifth, a comparison of quantum and Markov dynamic theories is presented; and finally, a quantum dynamic model is used to account for some puzzling findings of decision-making research. The chapter concludes with a summary of advantages and disadvantages of a quantum probability theoretical framework for modeling cognition and decision.

Keywords: quantum probability, classical probability, Hilbert space, the law of total probability, conjunction fallacy, disjunction fallacy, dynamic models of decision, Markov models, quantum interference, two-stage gambles, dynamic consistency

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