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C. Tsallis, C. Anteneodo, L. Borland and R. Osorio, “Nonextensive Statistical Mechanics and Economics,” Physica A: Statistical Mechanics and Its Applications, Vol. 324, 2003, pp. 89-100.

has been cited by the following article:

• TITLE: An Experimental Comparison of Quantum Decision Theoretical Models of Intertemporal Choice for Gain and Loss

  AUTHORS: Taiki Takahashi, Hiroshi Nishinaka, Takaki Makino, Ruokang Han, Hiroki Fukui

  KEYWORDS: Discounting; Neuroeconomics; Econophysics; Quantum Decision Theory; Tsallis’ Statistics

  JOURNAL NAME: Journal of Quantum Information Science, Vol.2 No.4, December 31, 2012

  ABSTRACT: In mathematical physics and psychology, “quantum decision theory” has been proposed to explain anomalies in human decision-making. One of such quantum models has been proposed to explain time inconsistency in human decision over time. In this study, we conducted a behavioral experiment to examine which quantum decision models best account for human intertemporal choice. We observed that a q-exponential model developed in Tsallis’ thermodynamics (based on Takahashi’s (2005) nonlinear time perception theory) best fit human behavioral data for both gain and loss, among other quantum decision models.