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Universality of Measurements on Quantum Markets

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  • Ireneusz Pakula
  • Edward W. Piotrowski
  • Jan Sladkowski

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.

Suggested Citation

  • Ireneusz Pakula & Edward W. Piotrowski & Jan Sladkowski, "undated". "Universality of Measurements on Quantum Markets," Departmental Working Papers 23, University of Bialtystok, Department of Theoretical Physics.
    • Handle: RePEc:sla:eakjkl:23
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    References listed on IDEAS

    as
    1. Piotrowski, Edward W & Sładkowski, Jan, 2004. "Arbitrage risk induced by transaction costs," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 331(1), pages 233-239.
    2. Piotrowski, E.W & Sładkowski, J, 2002. "Quantum market games," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 312(1), pages 208-216.
    3. Piotrowski, Edward W. & Sładkowski, Jan, 2002. "Quantum bargaining games," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 308(1), pages 391-401.
    4. Piotrowski, E.W. & Sładkowski, J., 2003. "The merchandising mathematician model: profit intensities," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 318(3), pages 496-504.
    5. Edward W. Piotrowski & Jan Sladkowski, "undated". "Quantum Computer: An Appliance for Playing Market Games," Departmental Working Papers 16, University of Bialtystok, Department of Theoretical Physics.
    6. Navroz Patel, 2007. "States of play," Nature, Nature, vol. 445(7124), pages 144-146, January.
    7. Edward W. Piotrowski & Jan Sladkowski, "undated". "Quantum-Like Approach to Financial Risk: Quantum Anthropic Principle," Departmental Working Papers 8, University of Bialtystok, Department of Theoretical Physics.
    8. Edward W. Piotrowski & Jan Sladkowski, "undated". "Trading by Quantum Rules - Quantum Anthropic Principle," Departmental Working Papers 9, University of Bialtystok, Department of Theoretical Physics.
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