Econophysics of the Kolkata Restaurant Problem and Related Games - Classical and Quantum Strategies for Multi-agent, Multi-choice Repetitive Games (Hardcover, 1st ed. 2017)

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.

General

Imprint:	Springer International Publishing AG
Country of origin:	Switzerland
Series:	New Economic Windows
Release date:	July 2017
First published:	2017
Authors:	Bikas K. Chakrabarti • Arnab Chatterjee • Asim Ghosh • Sudip Mukherjee • Boaz Tamir
Dimensions:	235 x 155mm (L x W)
Format:	Hardcover
Pages:	208
Edition:	1st ed. 2017
ISBN-13:	978-3-319-61351-2
Categories:	Books > Business & Economics > Economics > Econometrics > Economic statistics Books > Science & Mathematics > Mathematics > Optimization > Game theory Books > Science & Mathematics > Physics > Thermodynamics & statistical physics > Statistical physics Promotions
LSN:	3-319-61351-0
Barcode:	9783319613512

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