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We propose a quantum-like description of markets and economics. The approach has roots in the recently developed quantum game theory.

Quantum Physics · Physics 2015-06-26 E. W. Piotrowski , J. Sladkowski

We state and prove Kuhn's equivalence theorem for a new representation of games, the intrinsic form. First, we introduce games in intrinsic form where information is represented by $\sigma$-fields over a product set. For this purpose, we…

Optimization and Control · Mathematics 2020-06-29 Benjamin Heymann , Michel de Lara , Jean-Philippe Chancelier

We give a concise and self-contained introduction to the theory of Quantum Games by reviewing the seminal works of Meyer, Eisert-Wilkens-Lewenstein, Marinatto-Weber and Landsburg, which initiated the study of this field. By generalizing…

Quantum Physics · Physics 2023-05-02 Sowmitra Das

Smale's approach \cite{Smale80} to the classical two-players repeated Prisoner's Dilemma game is revisited here for $N$-players and Network games in the framework of Blackwell's approachability, stochastic approximations and differential…

Optimization and Control · Mathematics 2016-04-08 Kashi Behrstock , Michel Benaïm , Morris W. Hirsch

We present a quantization scheme for a three-player Prisoner's Dilemma game. It is shown that entanglement plays a dominant role in the three-player quantum game. Four different types of payoffs are identified on the basis of different…

Quantum Physics · Physics 2009-11-13 M. Ramzan , M. K. Khan

In quantum game theory, one of the most intriguing and important questions is, "Is it possible to get quantum advantages without any modification of the classical game?" The answer to this question so far has largely been negative. So far,…

Quantum Physics · Physics 2016-02-16 Jeongho Bang , Junghee Ryu , Marcin Pawłowski , B. S. Ham , Jinhyoung Lee

In recent years methods have been proposed to extend classical game theory into the quantum domain. This paper explores further extensions of these ideas that may have a substantial potential for further research. Upon reformulating quantum…

Quantum Physics · Physics 2007-05-23 F. M. C. Witte

Quantum phenomena have remained largely inaccessible to the general public. This can be attributed to the fact that we do not experience quantum mechanics on a tangible level in our daily lives. Games can provide an environment in which…

Quantum Physics · Physics 2019-07-12 Christopher Cantwell

Quantization becomes a new way to study classical game theory since quantum strategies and quantum games have been proposed. In previous studies, many typical game models, such as prisoner's dilemma, battle of the sexes, Hawk-Dove game,…

Computer Science and Game Theory · Computer Science 2016-08-03 Xinyang Deng , Yong Deng , Qi Liu , Zhen Wang

High-frequency trading (HFT) offers an excellent user case and a potential killer application of the commercially available, first generation quasi-quantum communication and computation technologies. To this end, we offer here a simple but…

Quantum Physics · Physics 2021-12-22 Faisal Shah Khan , Ning Bao

A new representation of Game Theory is developed in this paper. State of players is represented by a density matrix, and payoff function is a set of hermitian operators, which when applied onto the density matrix give the payoff of players.…

Quantum Physics · Physics 2007-05-23 Jinshan Wu

Recent development in quantum computation and quantum information theory allows to extend the scope of game theory for the quantum world. The authors have recently proposed a quantum description of financial market in terms of quantum game…

Quantum Physics · Physics 2007-05-23 Edward W. Piotrowski , Jan Sladkowski

This paper develops and analyses a novel quantum combinatorial game: quantum checkers (codenamed Cheqqers). The concepts of superposition, entanglement, measurements and interference from quantum mechanics are integrated into the game of…

A new approach for the study of social games and communications is proposed. Games are simulated between cognitive players who build the opponent's internal model and decide their next strategy from predictions based on the model. In this…

adap-org · Physics 2009-10-30 Makoto Taiji , Takashi Ikegami

We report constructing quantum games directly from a system of Bell's inequalities using Arthur Fine's analysis published in early 1980s. This analysis showed that such a system of inequalities forms a set of both necessary and sufficient…

Quantum Physics · Physics 2015-05-14 Azhar Iqbal , Derek Abbott

We build new quantum games, similar to the spin flip game, where as a novelty the players perform measurements on a quantum system associated to a continuous time search algorithm. The measurements collapse the wave function into one of the…

Quantum Physics · Physics 2009-11-13 Alejandro Romanelli

Quantum guessing games form a versatile framework for studying different tasks of information processing. A quantum guessing game with posterior information uses quantum systems to encode messages and classical communication to give partial…

Quantum Physics · Physics 2022-06-22 Claudio Carmeli , Teiko Heinosaari , Alessandro Toigo

Repeated game has long been the touchstone model for agents' long-run relationships. Previous results suggest that it is particularly difficult for a repeated game player to exert an autocratic control on the payoffs since they are jointly…

Computer Science and Game Theory · Computer Science 2018-07-19 Dong Hao , Kai Li , Tao Zhou

In a recent paper, Eisert et al. presented a quantum mechanical generalization of Prisoner's Dilemma. They asserted that the maximally entangled game exhibits a unique Nash equilibrium which yields a pay-off equivalent to cooperative…

Quantum Physics · Physics 2007-05-23 Simon C. Benjamin , Patrick M. Hayden

Game theory has been widely applied to many areas including economics, biology and social sciences. However, it is still challenging to quantify the global stability and global dynamics of the game theory. We developed a landscape and flux…

Populations and Evolution · Quantitative Biology 2018-09-05 Li Xu , Jin Wang