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Quantum Market Games

Author

Listed:
  • E. W. Piotrowski

    (University of Bialystok, Bialystok, Poland)

  • J. Sladkowski

    (University of Silesia, Katowice, Poland)

Abstract

We propose a quantum-like description of markets and economics. The approach has roots in the recently developed quantum game theory. Quantum Zeno paradoxes and noncomutative quantum mecanics are also discussed.

Suggested Citation

  • E. W. Piotrowski & J. Sladkowski, 2001. "Quantum Market Games," Game Theory and Information 0103003, EconWPA.
  • Handle: RePEc:wpa:wuwpga:0103003
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    Citations

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    Cited by:

    1. Piotrowski, Edward W. & Sładkowski, Jan, 2008. "Quantum auctions: Facts and myths," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 387(15), pages 3949-3953.
    2. Edward W. Piotrowski & Jan Sladkowski, "undated". "Quantum solution to the Newcomb's paradox," Departmental Working Papers 10, University of Bialtystok, Department of Theoretical Physics.
    3. Luca Lambertini, 2013. "John von Neumann between Physics and Economics: A methodological note," Review of Economic Analysis, Rimini Centre for Economic Analysis, vol. 5(2), pages 177-189, December.
    4. Piotrowski, Edward W., 2003. "Fixed point theorem for simple quantum strategies in quantum market games," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 324(1), pages 196-200.
    5. Pakuła, Ireneusz & Piotrowski, Edward W. & Sładkowski, Jan, 2007. "Universality of measurements on quantum markets," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 385(1), pages 397-405.
    6. Guevara Hidalgo, Esteban, 2006. "Quantum Replicator Dynamics," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 369(2), pages 393-407.
    7. Edward W. Piotrowski & Jan Sladkowski, "undated". "An Invitation to Quantum Game Theory," Departmental Working Papers 15, University of Bialtystok, Department of Theoretical Physics.
    8. Anna Szczypinska & Edward W. Piotrowski, "undated". "Projective Market Model Approach to AHP Decision-Making," Departmental Working Papers 32, University of Bialtystok, Department of Theoretical Physics.
    9. Edward W. Piotrowski & Jan Sladkowski, "undated". "Quantum Games and Programmable Quantum Systems," Departmental Working Papers 22, University of Bialtystok, Department of Theoretical Physics.
    10. Hanauske, Matthias & Kunz, Jennifer & Bernius, Steffen & König, Wolfgang, 2010. "Doves and hawks in economics revisited: An evolutionary quantum game theory based analysis of financial crises," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 389(21), pages 5084-5102.
    11. Piotrowski, Edward W. & Sładkowski, Jan & Syska, Jacek, 2003. "Interference of quantum market strategies," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 318(3), pages 516-528.
    12. Piotrowski, Edward W. & Sładkowski, Jan, 2005. "Quantum diffusion of prices and profits," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 345(1), pages 185-195.
    13. F. Bagarello & E. Haven, 2014. "Towards a formalization of a two traders market with information exchange," Papers 1412.8725, arXiv.org.
    14. Sładkowski, Jan, 2003. "Giffen paradoxes in quantum market games," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 324(1), pages 234-240.
    15. Edward W. Piotrowski & Jan Sladkowski, "undated". "Trading by Quantum Rules - Quantum Anthropic Principle," Departmental Working Papers 9, University of Bialtystok, Department of Theoretical Physics.
    16. Katarzyna Miakisz & Edward W. Piotrowski & Jan Sladkowski, "undated". "Quantization of Games: Towards Quantum Artificial Intelligence," Departmental Working Papers 21, University of Bialtystok, Department of Theoretical Physics.
    17. Emmanuel Haven, 2008. "Private Information and the ‘Information Function’: A Survey of Possible Uses," Theory and Decision, Springer, vol. 64(2), pages 193-228, March.
    18. Edward W. Piotrowski & Jan Sladkowski, "undated". "Quantum Auctions: Facts and Myths," Departmental Working Papers 29, University of Bialtystok, Department of Theoretical Physics.
    19. Iqbal, Azhar & Chappell, James M. & Abbott, Derek, 2015. "Social optimality in quantum Bayesian games," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 436(C), pages 798-805.
    20. Edward W. Piotrowski & Jan Sladkowski, "undated". "Quantum Transmemetic Intelligence," Departmental Working Papers 27, University of Bialtystok, Department of Theoretical Physics.
    21. Pineiro-Chousa, Juan & Vizcaíno-González, Marcos, 2016. "A quantum derivation of a reputational risk premium," International Review of Financial Analysis, Elsevier, vol. 47(C), pages 304-309.
    22. Jan Sladkowski & Edward W. Piotrowski, "undated". "Risk in Quantum Market Games (in Polish)," Departmental Working Papers 117pl, University of Bialtystok, Department of Theoretical Physics.

    More about this item

    Keywords

    game theory; quantum games; market theory; low of supply and demand;

    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • C79 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Other
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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