The Intrinsic Quantum Nature of Classical Game Theory

Y. Pelosse ()
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Y. Pelosse: University of Swansea

A chapter in The Palgrave Handbook of Quantum Models in Social Science, 2017, pp 59-73 from Palgrave Macmillan

Abstract: Abstract The notion of mixed strategy, as originally introduced by Von Neumann and Morgenstern (1944) is a basic ingredient of classical game theory. Yet, as pointed out by von Neumann and Morgenstern themselves, the idea that a rational player may have to use a randomizing device, such as a coin flip, to decide on their actions poses some insuperable conceptual difficulties.

Keywords: Nash Equilibrium; Mixed Strategy; Rational Strategy; Game Model; Rational Player (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-49276-0_4

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DOI: 10.1057/978-1-137-49276-0_4

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