The free rider problem is one of the most well-studied problems in economics. The solution proposed mainly is punitive in order to deter people from free riding. In this work, we introduce quantum strategies and study the problem in the thermodynamic limit by drawing analogies with the 1D Ising model. We observe that for maximum entanglement, irrespective of the payoffs, quantum strategy is the equilibrium solution, solving the free rider problem.
@article{arxiv.1808.05149,
title = {Entanglement renders free riding redundant in the thermodynamic limit},
author = {Shubhayan Sarkar and Colin Benjamin},
journal= {arXiv preprint arXiv:1808.05149},
year = {2019}
}
Comments
6 pages, 3 figures, accepted for publication in Physica A