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Econophysics of the Kolkata Restaurant Problem and Related Games

Classical and Quantum Strategies for Multi-agent, Multi-choice Repetitive Games
BuchGebunden
Verkaufsrang165381inWirtschaft
EUR115,00

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.
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Details

ISBN/EAN978-3-319-61351-2
ProduktartBuch
EinbandGebunden
Erscheinungsdatum27.07.2017
Auflage1st ed. 2017
ReiheNew Economic Windows
Seiten208 Seiten
SpracheEnglisch
Artikel-Nr.14391801
WarengruppeWirtschaft
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Autor

Bikas K. Chakrabarti of Saha Institute of Nuclear Physics, Kolkata, India is a Professor of Theoretical Condensed Matter Physics at the Saha Institute of Nuclear Physics and a Visiting Professor of Economics at the Indian Statistical Institute. He has research interests in statistical physics, condensed matter physics, computational physics, and econophysics. He is a Shanti Swarup Bhatnagar awardee and a fellow of the Indian National Science Academy and Indian Academy of Sciences, and he has received the Outstanding Referee award of the American Physical Society. He has coauthored books published by Cambridge University Press, Oxford University Press, Springer, Wiley, etc.

Arnab Chatterjee is a Research Scientist at the TCS Innovation Lab., New Delhi, India. He received his PhD from Jadavpur University in 2008. He has held postdoctoral positions at the International Centre for Theoretical Physics (Trieste, Italy), Centre de Physique Théorique (Marseille, France), Institute for Scientific Interchange (Turin, Italy), and Aalto University (Espoo, Finland). He was also a Visiting Scientist at the Saha Institute of Nuclear Physics, Kolkata, India. He has coauthored two books, published by Cambridge University Press and Wiley. He has extensive research experience in statistical physics and complex systems, complex networks, and socioeconomic systems in general.

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