Individual and Collective Choice

• Yukalov, V. and Sornette, D. (2008), "Mathematical Basis of Quantum Decision Theory", Swiss Finance Institute Research Paper No. 08-25. Click here for SSRN link. A generalisation of decision theory using quantum-mechanical probabilities, which allows for interactions between prospects, rather than the independence assumptions of classical theory.
• Mertins, Vanessa (2008), "The Effect of Procedures on Social Interaction: A Literature Review", IAAEG Discussion Paper Series No. 2008/06. Click here for RePEC link. This survey article is intended to discuss an important approach by which the standard economic model, which is based on consequentialist preferences, needs to be enriched: not only outcomes shape human behavior but also the way in which decisions are taken. Behavioral economics may serve as an important link. Its aim is to integrate insights of cognitive and social psychologists as well as experimental economists with neoclassical economic theory.