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Econophysics of the Kolkata Restaurant problem and related games : classical and quantum strategies for multi-agent, multi-choice repetitive games / Bikas K. Chakrabarti, Arnab Chatterjee, Asim Ghosh, Sudip Mukherjee, Boaz Tamir.

9783319613529 (electronic book)
3319613529 (electronic book)
9783319613512
3319613510

Cham, Switzerland : Springer, 2017.

English

1 online resource.

HG106

332.015118

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.-- Provided by publisher.

Includes bibliographical references and index.

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Online resource; title from PDF title page (viewed August 21, 2017).

New economic windows.

Print version: 9783319613512

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