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Journal of Physics Conference Series

Quantum market games: implementing tactics via measurements

Ireneusz Pakuła, Edward W. Piotrowski, Jan Sładkowski

Published Feb 28, 2006• 3 citations
Publisher

Abstract

A major development in applying quantum mechanical formalism to various fields has been made during the last few years. Quantum counterparts of Game Theory, Economy, as well as diverse approaches to Quantum Information Theory have been found and currently are being explored. Using connections between Quantum Game Theory and Quantum Computations, an application of the universality of a measurement based computation in Quantum Market Theory is presented.

DOI
10.1088/1742-6596/30/1/009

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A major development in applying quantum mechanical formalism to various fields has been made during the last few years. Quantum counterparts of Game Theory, Economy, as well as diverse approaches to Quantum Information Theory have been found and currently are being explored. Using connections between Quantum Game Theory and Quantum Computations, an application of the universality of a measurement based computation in Quantum Market Theory is presented.
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Game theory is a well established field with applications in many areas including the social sciences, biology, and computer science [6]. Recently, however, researchers in quantum computation have begun to study the implications of games set in the quantum domain (i.e. game theoretical situations where either one or more players have quantum computational power or where the implementation of strategies uses some form of quantum information). Such a setting allows for entanglement and superpositions of strategies and evaluation of payoffs using quantum measurement. This approach to game theory, according to some scholars in the field, could help us understand certain physical systems, improve economic markets, and develop quantum algorithms. I have conducted an investigation into quantum game theory. I have constructed simulation tools using Maple that, along with research into related work, have helped gain some insight into this new field. The important solutions in classical game theory are usually Nash equilibria. What do they look like in the quantum realm? In what
Quantum mechanics and game theory were developed at almost the same time, during the first half of 20th century.Classical game theory is one of the most developed in mathematics and computer science.It has many applications in economics, biology, and different kinds of social science.In computer science, many cryptographic protocols are also based on the elements of game theory.Quantum computing is a relatively new branch of computer science.It unites different aspects of complexity theory and quantum physics.Our intention is to take it one step further and combine classical game theory with the acquired knowledge of quantum computing; in particular, to study the effects of using quantum information in the well-known problems of game theory.In this thesis, we obtain several bounds on the values of some special classes of nonlocal quantum games, and we present a new scheme for games quantization.