This theory proposes that reality is the product of a dialogue between consciousness and its environment. "Consciousness" includes every type of human experience, such as perception, thinking, emotion, intuition, etc. "Reality" includes every category of reality: the subjective reality within us, and also the objective reality around us—the physical environment we can see and touch. This theory starts with 4 principles:

1) The purpose of any theory is to make sense of conscious experience in the environment. Therefore, a complete theory of reality must account for both consciousness and its environment.

2) The "currency" of reality is information, which can move in two directions: from consciousness to the environment, and vice-versa. Consciousness can receive information from the world, and the world can receive information from consciousness, in ways that we do—and do not yet—understand.

3) Common scientific concepts like mass, momentum, energy; electric and magnetic fields; quantum and wave functions; and even distance and time, are merely useful organizing strategies that consciousness has developed to make sense of the information passing between itself and the world. As such, these concepts are just as much characteristics of consciousness, as of its environment. They are, essentially, terms that describe consciousness interacting with its environment.

4) It follows that scientific concepts can be useful metaphors for representing the true nature of consciousness and conscious experience. At the same time, terms that describe subjective impressions may be useful metaphors for representing reality, including physical reality.

This perspective that reality exists at some intersection of mind and world is not new, and has been discussed by Francis Bacon, James Jeans, Planck, Einstein, and Bohr. But PEAR's solid evidence that consciousness literally shapes physical reality, as physical reality shapes consciousness; combined with their finding that subjective factors are critical to both processes, makes this perspective required territory in an updated picture of reality.

"The Quantum Mechanics of Consciousness" paper shows how physical and mathematical concepts can be applied to describing consciousness, especially consciousness anomalies. For example, the feeling of "resonance" between an operator and the REG (or any other object or person) may be described in the mathematics of bonded systems. This could produce a number that relates the potential of a person to affect a physical object with which it is "resonating," or that relates the potential for two people "on the same wavelength" to transmit and receive information through anomalous channels.

Alternately, the vocabulary of subjective experience may be used to explicate physical phenomena that might otherwise have been missed. For example, the different types of "uncertainty" familiar to our subjective experience, may help reveal and define new types of uncertainty that exist in the sub-atomic realm—say, perhaps, new particle behaviors in certain superposition or "wave" states.

The possibilities of this new tool set, relating reality as a dialogue between consciousness and its environment, is explored in depth in "The Quantum Mechanics of Consciousness," and also in another PEAR paper, "The Science of the Subjective" (2) 

(1) http://www.princeton.edu/~pear/pdfs/FP_PEAR.pdf

(2) http://www.princeton.edu/~pear/pdfs/sos.pdf