Universality of Measurements on Quantum Markets

Ireneusz Pakula (), Edward Piotrowski () and Jan Sladkowski ()

Departmental Working Papers from University of Bialtystok, Department of Theoretical Physics

Abstract: 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 themselves create extraordinary profits or multiplication of goods, but they may cause the dynamism of transaction which would result in more effective markets and capital flow into hands of the most efficient traders. We focus upon the problem of universality of measurement in quantum market games. Quantum-like approach to market description proves to be an important theoretical tool for investigation of computability problems in economics or game theory even if never implemented in real markets.

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Journal Article: Universality of measurements on quantum markets (2007)
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