Hostname: page-component-586b7cd67f-l7hp2 Total loading time: 0 Render date: 2024-11-23T12:03:49.789Z Has data issue: false hasContentIssue false

Disentangling the order effect from the context effect: Analogies, homologies, and quantum probability

Published online by Cambridge University Press:  14 May 2013

Elias L. Khalil*
Affiliation:
Department of Economics, Monash University, Clayton, Victoria 3800, Australia. [email protected]://eliaskhalil.com

Abstract

Although the quantum probability (QP) can be useful to model the context effect, it is not relevant to the order effect, conjunction fallacy, and other related biases. Although the issue of potentiality, which is the intuition behind QP, is involved in the context effect, it is not involved in the other biases.

Type
Open Peer Commentary
Copyright
Copyright © Cambridge University Press 2013 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Baron, J. (2008) Thinking and deciding, 4th ed. Cambridge University Press.Google Scholar
Cacioppo, J. T. & Petty, R. E. (1982) The need for cognition. Journal of Personality and Social Psychology 42:116–31.Google Scholar
Khalil, E. L. (1997a) Buridan's ass, uncertainty, risk, and self-competition: A theory of entrepreneurship. Kyklos 50:147–63.Google Scholar
Khalil, E. L. (1997b) Chaos theory versus Heisenberg's uncertainty: Risk, uncertainty and economic theory. American Economist 41:2740.Google Scholar
Khalil, E. L. (2000) Types of metaphor and identificational slips in economic discourse. Research in the History of Economic Thought and Methodology 18A:83105.CrossRefGoogle Scholar
Khalil, E. L. (2010) The Bayesian fallacy: Distinguishing internal motivations and religious beliefs from other beliefs. Journal of Economic Behavior and Organization 75:268–80.Google Scholar
LeBoeuf, R. A. & Shafir, E. (2003) Deep thoughts and shallow frames: On the susceptibility to framing effects. Journal of Behavioral Decision Making 16:7792.Google Scholar