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Econophysics of the Kolkata Restaurant Problem and Related Games : Classical and Quantum Strategies for Multi-agent, Multi-choice Repetitive Games /

This book provides the first comprehensive introduction to multi-agent, multi-choice repetitive games, such as the Kolkata Restaurant Problem and the Minority Game. It explains how the tangible formulations of these games, using stochastic strategies developed by statistical physicists employing bot...

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Bibliographic Details
Main Authors: Chakrabarti, B. K. (Bikas K.), 1952- (Author)
Corporate Authors: SpringerLink (Online service)
Group Author: Chatterjee, Arnab.; Ghosh, Asim; Mukherjee, Sudip; Tamir, Boaz
Published: Springer International Publishing : Imprint: Springer,
Publisher Address: Cham :
Publication Dates: 2017.
Literature type: eBook
Language: English
Series: New Economic Windows,
Subjects:
Physics.
Quantum computers.
Spintronics.
Economic Theory.
Economics.
Economic Theory/Quantitative Economics/Mathematical Methods.
Data-driven Science, Modeling and Theory Building.
Theoretical, Mathematical and Computational Physics.
Quantum Information Technology, Spintronics.
Online Access: http://dx.doi.org/10.1007/978-3-319-61352-9
Summary: This book provides the first comprehensive introduction to multi-agent, multi-choice repetitive games, such as the Kolkata Restaurant Problem and the Minority Game. It explains how the tangible formulations of these games, using stochastic strategies developed by statistical physicists employing both classical and quantum physics, have led to very efficient solutions to the problems posed. Further, it includes sufficient introductory notes on information-processing strategies employing both classical statistical physics and quantum mechanics. Games of this nature, in which agents are presented with choices, from among which their goal is to make the minority choice, offer effective means of modeling herd behavior and market dynamics and are highly relevant to assessing systemic risk. Accordingly, this book will be of interest to economists, physicists, and computer scientists alike.
Carrier Form: 1 online resource(XI,208pages): illustrations.
ISBN: 9783319613529
Index Number: HB1
CLC: F062.3
Contents: Introduction -- Kolkata Paise Restaurant problem -- Phase transition in the Kolkata Paise Restaurant problem -- Zipf s law from Kolkata Paise Restaurant problem -- Minority Game and Kolkata Paise Restaurant problem -- From classical games, the Kokata Paise Restaurant game, to Quantum Games -- Some recent developments: A brief discussion.

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