Ising model versus normal form game

Serge Galam and Bernard Walliser

Physica A: Statistical Mechanics and its Applications, 2010, vol. 389, issue 3, 481-489

Abstract: The 2-spin Ising model in statistical mechanics and the 2×2 normal form game in game theory are compared. All configurations allowed by the second are recovered by the first when the only concern is about Nash equilibria. But it holds no longer when Pareto optimum considerations are introduced as in the prisoner’s dilemma. This gap can nevertheless be filled by adding a new coupling term to the Ising model, even if that term has up to now no physical meaning. An individual complete bilinear objective function is thus found to be sufficient to reproduce all possible configurations of a 2×2 game. Using this one-to-one mapping new perspectives for future research in both fields can be envisioned.

Keywords: Econophysics; Ising model; Sociophysics; 2×2 game (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (9)

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Working Paper: Ising model versus normal form game (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:389:y:2010:i:3:p:481-489

DOI: 10.1016/j.physa.2009.09.029

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