kaal:claim:4900878-016

Both classical and behavioral approaches fail to account adequately for preference reversal, and that joint failure, not mere novelty, is what justifies an alternative quantum decision framework.

However, proponents of quantum economics argue that the failure of both classical and behavioral approaches to adequately address preference reversal highlights the need for an alternative approach.

Wulf A. Kaal, Quantum Economy and Tokenomics (2024), 4.2 Debates and Controversies, p. 27
https://ssrn.com/abstract=4900878 · source PDF

Wulf A. Kaal, Quantum Economy and Tokenomics (2024). SSRN: https://ssrn.com/abstract=4900878

• applies to preference reversal and similar context dependent decision anomalies

failuresupport: arguedfailure: preference-reversal-unexplainedfamily: research-design-limitationeconomicsrisk-and-incentives

• supported_by kaal:claim:4900880-010 The cognitive effects that look paradoxical under classical logic do not show that people are irrational; they...

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