Harin, Alexander (2018): Forbidden zones for the expectation. New mathematical results for behavioral and social sciences.

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Abstract
A forbidden zones theorem, mathematical approach and model are proposed in the present article. In particular, the approach supposes that people decide as if there were some biases of the expectations of measurement data. The article is motivated by the need of a theoretical support for the practical analysis performed for the purposes of utility and prospect theories, behavioral economics, psychology, decision and social sciences. Possible general consequences and applications of the theorem and approach for a noise and biases of measurement data are preliminary considered as well.
Item Type:  MPRA Paper 

Original Title:  Forbidden zones for the expectation. New mathematical results for behavioral and social sciences 
Language:  English 
Keywords:  probability; variance; noise; bias; measurement; utility theory; prospect theory; behavioral economics; psychology; decision sciences; social sciences; 
Subjects:  C  Mathematical and Quantitative Methods > C0  General > C02  Mathematical Methods C  Mathematical and Quantitative Methods > C1  Econometric and Statistical Methods and Methodology: General D  Microeconomics > D8  Information, Knowledge, and Uncertainty D  Microeconomics > D8  Information, Knowledge, and Uncertainty > D81  Criteria for DecisionMaking under Risk and Uncertainty 
Item ID:  86650 
Depositing User:  Alexander Harin 
Date Deposited:  10 May 2018 21:12 
Last Modified:  26 Sep 2019 18:31 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/86650 