Showing 1 - 10 of 31
Financial markets investors are involved in many games - they must interact with other agents to achieve their goals. Among them are those directly connected with their activity on markets but one cannot neglect other aspects that influence human decisions and their performance as investors....
Persistent link: https://www.econbiz.de/10005764281
Persistent link: https://www.econbiz.de/10005764286
Recent development in quantum computation and quantum information theory allows to extend the scope of game theory for the quantum world. The paper presents the history, basic ideas and recent development in quantum game theory. On grounds of the discussed material, we reason about possible...
Persistent link: https://www.econbiz.de/10005764290
Quantum game theory, whatever opinions may be held due to its abstract physical formalism, have already found various applications even outside the orthodox physics domain. In this paper we introduce the concept of a quantum auction, its advantages and drawbacks. Then we describe the models that...
Persistent link: https://www.econbiz.de/10005764295
Most of parameters used to describe states and dynamics of financial market depend on proportions of the appropriate variables rather than on their actual values. Therefore, projective geometry seems to be the correct language to describe the theater of financial activities. We suppose that the...
Persistent link: https://www.econbiz.de/10005764300
We reason about possible future development of quantum game theory and its impact on information processing and the emerging information society. Two of the authors have recently proposed a quantum description of financial market in terms of quantum game theory. These "new games" cannot by...
Persistent link: https://www.econbiz.de/10005764304
We continue the analysis of quantum-like description of market phenomena and economics. We show that it is possible to define a risk inclination operator acting in some Hilbert space that has a lot of common with quantum description of the harmonic oscillator. The approach has roots in the...
Persistent link: https://www.econbiz.de/10005572037
This is a short review of the background and recent development in quantum game theory and its possible application in economics and finance. The intersection of science and society is discussed and Quantum Anthropic Principle is put forward. The review is addressed to non-specialists.
Persistent link: https://www.econbiz.de/10005572038
We propose a quantum-like description of markets and economics. The approach has roots in the recently developed quantum game theory. Quantum Zeno paradoxes and noncomutative quantum mecanics are also discussed.
Persistent link: https://www.econbiz.de/10005572041
Attention to the very physical aspects of information characterizes the current research in quantum computation, quantum cryptography and quantum communication. In most of the cases quantum description of the system provides advantages over the classical approach. Game theory, the study of...
Persistent link: https://www.econbiz.de/10005572045