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Econophysics of the Kolkata Restaurant Problem and Related Games

Classical and Quantum Strategies for Multi-agent, Multi-choice Repetitive Games

  • Bikas K. Chakrabarti
  • Arnab Chatterjee
  • Asim Ghosh
  • Sudip Mukherjee
  • Boaz Tamir

Part of the New Economic Windows book series (NEW)

Table of contents

  1. Front Matter
    Pages i-xi
  2. Bikas K. Chakrabarti, Arnab Chatterjee, Asim Ghosh, Sudip Mukherjee, Boaz Tamir
    Pages 1-6
  3. Bikas K. Chakrabarti, Arnab Chatterjee, Asim Ghosh, Sudip Mukherjee, Boaz Tamir
    Pages 7-15
  4. Bikas K. Chakrabarti, Arnab Chatterjee, Asim Ghosh, Sudip Mukherjee, Boaz Tamir
    Pages 17-29
  5. Bikas K. Chakrabarti, Arnab Chatterjee, Asim Ghosh, Sudip Mukherjee, Boaz Tamir
    Pages 31-42
  6. Bikas K. Chakrabarti, Arnab Chatterjee, Asim Ghosh, Sudip Mukherjee, Boaz Tamir
    Pages 43-54
  7. Bikas K. Chakrabarti, Arnab Chatterjee, Asim Ghosh, Sudip Mukherjee, Boaz Tamir
    Pages 55-103
  8. Bikas K. Chakrabarti, Arnab Chatterjee, Asim Ghosh, Sudip Mukherjee, Boaz Tamir
    Pages 105-111
  9. Back Matter
    Pages 113-208

About this book

Introduction

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.

Keywords

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

Authors and affiliations

  • Bikas K. Chakrabarti
    • 1
  • Arnab Chatterjee
    • 2
  • Asim Ghosh
    • 3
  • Sudip Mukherjee
    • 4
  • Boaz Tamir
    • 5
  1. 1.Saha Institute of Nuclear PhysicsKolkataIndia
  2. 2.TCS Innovation Lab.,New DelhiIndia
  3. 3.Department of Computer ScienceAalto University of Science and TechnologyAaltoFinland
  4. 4.Barasat Government CollegeSaha Institute of Nulcear PhysicsKolkataIndia
  5. 5.Department of Science, Technology and SocietyBar-Ilan UniversityJerusalemIsrael

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-61352-9
  • Copyright Information Springer International Publishing AG 2017
  • Publisher Name Springer, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-61351-2
  • Online ISBN 978-3-319-61352-9
  • Series Print ISSN 2039-411X
  • Series Online ISSN 2039-4128
  • Buy this book on publisher's site