Econophysics of the Kolkata Restaurant Problem and Related Games
Classical and Quantum Strategies for Multi-agent, Multi-choice Repetitive Games
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Beschreibung
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.
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.
Offers the first comprehensive introduction to the Kolkata Restaurant Problem (KPR) and related multi-agent, multi-choice repetitive games Discusses both classical and quantum strategies Intended for a broad audience of economists, physicists, and computer scientists Includes supplementary material: sn.pub/extras
Autor*in
Bikas K. Chakrabarti
Themen in »Econophysics of the Kolkata Restaurant Problem and Related Games«
The Kolkata Restaurant Problem Classical and quantum information processing Minority Game Kolkata Paise Restaurant problems Stochastic strategies in quantum and statistical physics Agent-based models data-driven science, modeling and theory building