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Inside JGU 2021 - Issue 2 (February)

JSGP organises international conference on ‘Quantum Decision Theory and Complexity

On the 19th and 20th February, 2020 Jindal School of Government and Public Policy (JSGP) organised a cutting-edge international research conference on ‘Quantum Decision Theory and Complexity’, with their possible applications to Social Sciences and Policy making in specific.  Professor R. Sudarshan, Dean, JSGP; Dr Naresh Singh, Senior Vice President, Global Development Solutions Canada and Dr. Sudip Patra, Assistant professor, JGBS were the hosts to this international conference, which have sown the seed of possible future collaborations among JGU and frontier research organisations and Universities across countries.

Internationally renowned experts from different fields, viz, Physics, Economics, Complexity theory, Wisdom and Organisational decision theory engaged in a two-day intense exploration. Participants genuinely explored the possible avenues in which there can be true integration between social and natural sciences, both technically, and philosophically. Participants agreed that deep fundamental questions related to uncertainty, complexity and human cognition need to be addressed, if we are to do good social science research in the modern-day context.

Professor (Dr.) Partha Ghose, an eminent physicist, illuminated on the true nature of quantum like modelling in decision making, as Hilbert space modelling, and also elaborated on the true nature of phenomenon like ‘entanglement’ and whether we can extend such concepts in social science.

Professor Stuart Kauffman’s presence, as one of the founding fathers of complexity theory, was a great boost to the confidence of participants, he encouraged the audience to explore cognitive aspects in a more radical way.

Professor Dr. David Rooney from Macquarie university Australia presented deep thinking on problems of wisdom research and organisational decision making, with possible contribution from quantum-like/ Hilbert space modelling, and contextuality analysis.

Professor Dr. Anirban Chakraborty from JNU presented a very comprehensive Econophysics and complexity analysis approach to host of intriguing research problems; financial markets to various crises in social systems.

Dr. Naresh Singh presented a very exploratory research agenda on complexity dynamics of social system, with possible interrelations between quantum like modelling. Dr. Sudip Patra presented current works in Hilbert space modelling of decision theory, with its applications in finance and economics.

Professor Dr Emmanuel Haven’s presence, as a pioneer in quantum like modelling in social sciences, was again a big encouragement for the group, he presented on a very promising application of Bohmian mechanics in financial economics. The conference also got very interesting neuro biological perspective from Professor Dr. Mallick from JNU, on deeper aspects of mind and consciousness.

The panel discussion, brilliantly motivated by Professor Sudarshan’s deep reflections on possibilities and limitations of integration between various knowledge systems, was enriched by great insights provided by experts like Dr. Milindo Chakraborty, Professor, JSGP; Professor Amit Lahiri, Chief Sustainability Officer, JGU brought in the possible relation between complexity modelling and biodiversity.

Overall, the conference has sown the seed of a new exploration, with promises of ongoing global collaborations and fruitful and meaningful publications. Immediate goal of this conference is to work on a good publication in the form of a monograph based on conference presentations.