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      Theory of Quantum Games and Quantum Economic Behavior

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          Abstract

          The quest of this work is to present a discussion of some fundamental questions of economics in the era of quantum technology, which require a treatment different from economics studied thus far in the literature. A study of quantum economic behavior will become the center of attention of economists in the coming decades. We analyze a quantum economy in which players produce and consume quantum goods. They meet randomly and barter with neighbors bilaterally for quantum goods they produced. We clarify the conditions where certain quantum goods emerge endogenously as media of exchange, called quantum commodity money. As quantum strategies are entangled, we find distinctive aspects of quantum games that cannot be explained by conventional classical games. In some situations a quantum player can acquire a quantum good from people regardless of their strategies, while on the other hand people can find quantum strategies that improve their welfare based on an agreement. Those novel properties imply that quantum games also shed new light on theories of mechanism design, auction and contract in the quantum era.

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          Author and article information

          Journal
          27 October 2020
          Article
          2010.14098
          05194762-4ebb-416f-9365-4dca0967cc6f

          http://arxiv.org/licenses/nonexclusive-distrib/1.0/

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          Custom metadata
          25 pages, 25 figures
          quant-ph cs.GT

          Quantum physics & Field theory,Theoretical computer science
          Quantum physics & Field theory, Theoretical computer science

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