dorsal/arxiv
View SchemaUniversality of Measurements on Quantum Markets
| Authors | Ireneusz Pakula, Edward W. Piotrowski, Jan Sladkowski |
|---|---|
| Categories | |
| ArXiv ID | quant-ph/0504036 |
| URL | https://arxiv.org/abs/quant-ph/0504036 |
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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"abstract": "We reason about possible future development of quantum game theory and its\nimpact on information processing and the emerging information society. Two of\nthe authors have recently proposed a quantum description of financial market in\nterms of quantum game theory. These \"new games\" cannot by themselves create\nextraordinary profits or multiplication of goods, but they may cause the\ndynamism of transaction which would result in more effective markets and\ncapital flow into hands of the most efficient traders. We focus upon the\nproblem of universality of measurement in quantum market games. Quantum-like\napproach to market description proves to be an important theoretical tool for\ninvestigation of computability problems in economics or game theory even if\nnever implemented in real markets.",
"arxiv_id": "quant-ph/0504036",
"authors": [
"Ireneusz Pakula",
"Edward W. Piotrowski",
"Jan Sladkowski"
],
"categories": [
"quant-ph"
],
"title": "Universality of Measurements on Quantum Markets",
"url": "https://arxiv.org/abs/quant-ph/0504036"
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