Representing Attitudes Towards Ambiguity in Hilbert Space: Foundations and Applications

Research output: Contribution to journalArticlepeer-review


We provide here a general mathematical framework to model attitudes towards ambiguity which uses the formalism of quantum theory as a “purely mathematical formalism, detached from any physical interpretation”. We show that the quantum-theoretic framework enables modelling of the Ellsberg paradox, but it also successfully applies to more concrete human decision-making tests involving financial, managerial and medical decisions. In particular, we elaborate a mathematical representation of various empirical studies which reveal that attitudes of managers towards uncertainty shift from ambiguity seeking to ambiguity aversion, and viceversa, thus exhibiting hope effects and fear effects. The present framework provides a promising direction towards the development of a unified theory of decisions in the presence of uncertainty.
Original languageEnglish
Pages (from-to)103-128
Number of pages26
JournalFoundations of Science
Publication statusPublished - 2021


Dive into the research topics of 'Representing Attitudes Towards Ambiguity in Hilbert Space: Foundations and Applications'. Together they form a unique fingerprint.

Cite this