Theory of Quantum Games and Quantum Economic Behavior

10/27/2020
by   Shoto Aoki, et al.
0

The quest of this work is to present a discussion of some fundamental questions of economics in the era of quantum technology, which require a treatment different from economics studied thus far in the literature. A study of quantum economic behavior will become the center of attention of economists in the coming decades. We analyze a quantum economy in which players produce and consume quantum goods. They meet randomly and barter with neighbors bilaterally for quantum goods they produced. We clarify the conditions where certain quantum goods emerge endogenously as media of exchange, called quantum commodity money. As quantum strategies are entangled, we find distinctive aspects of quantum games that cannot be explained by conventional classical games. In some situations a quantum player can acquire a quantum good from people regardless of their strategies, while on the other hand people can find quantum strategies that improve their welfare based on an agreement. Those novel properties imply that quantum games also shed new light on theories of mechanism design, auction and contract in the quantum era.

READ FULL TEXT
research
11/21/2019

Comment on "Quantum Games and Quantum Strategies"

We point out a flaw in the unfair case of the quantum Prisoner's Dilemma...
research
12/23/2019

How Quantum Information can improve Social Welfare

It has been shown elsewhere that quantum resources can allow us to achie...
research
08/05/2020

Quantum Magic Rectangles: Characterisation and Application to Certified Randomness Expansion

We study a generalisation of the Mermin-Peres magic square game to arbit...
research
02/09/2023

Quantum Potential Games, Replicator Dynamics, and the Separability Problem

Learning in games has emerged as a powerful tool for Machine Learning wi...
research
09/04/2023

The History of Quantum Games

In this paper, we explore the historical development of playable quantum...
research
12/03/2008

A Novel Clustering Algorithm Based on Quantum Games

Enormous successes have been made by quantum algorithms during the last ...
research
05/14/2021

Fortified quantum mass function utilizing ordinal pictorial check based on time interval analysis and expertise

Information management has enter a completely new era, quantum era. Howe...

Please sign up or login with your details

Forgot password? Click here to reset