Quantum Game Theoretical Frameworks in Economics

Edward W. Piotrowski () and Jan Sładkowski ()
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Edward W. Piotrowski: University of Białystok
Jan Sładkowski: University of Silesia

A chapter in The Palgrave Handbook of Quantum Models in Social Science, 2017, pp 39-57 from Palgrave Macmillan

Abstract: Abstract The authors briefly review quantum game theory and its application in economics. This review is addressed at newcomers and some basic ideas of quantum theory are necessary to follow the text—the short introduction in chapter “A Brief Introduction to Quantum Formalism” will be sufficient. Due to the lack of space only the flagship issues will be discussed. 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. We are aware that the implementation of genuine quantum models is not an easy task. Nevertheless, such models are already an interesting although sophisticated theoretical tool.

Keywords: Ultimatum Game; Quantum Strategy; Combinatorial Auction; Social Choice Rule; Quantum Game (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_3

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DOI: 10.1057/978-1-137-49276-0_3

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