1.

Record Nr.

UNINA9910255021703321

Autore

Chakrabarti Bikas K

Titolo

Econophysics of the Kolkata Restaurant Problem and Related Games : Classical and Quantum Strategies for Multi-agent, Multi-choice Repetitive Games / / by Bikas K. Chakrabarti, Arnab Chatterjee, Asim Ghosh, Sudip Mukherjee, Boaz Tamir

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Springer, , 2017

ISBN

3-319-61352-9

Edizione

[1st ed. 2017.]

Descrizione fisica

1 online resource (XI, 208 p. 43 illus., 33 illus. in color.)

Collana

New Economic Windows, , 2039-411X

Disciplina

004.1

Soggetti

Economic theory

Sociophysics

Econophysics

Mathematical physics

Quantum computers

Spintronics

Economic Theory/Quantitative Economics/Mathematical Methods

Data-driven Science, Modeling and Theory Building

Theoretical, Mathematical and Computational Physics

Quantum Information Technology, Spintronics

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

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.

Sommario/riassunto

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.