Photo from wikipedia
Abstract The free rider problem is one of the most well studied problems in economics. The solution proposed mainly is punitive in order to deter people from free riding. In… Click to show full abstract
Abstract The free rider problem is one of the most well studied problems in economics. The solution proposed mainly is punitive in order to deter people from free riding. In this work we introduce quantum strategies and also study the problem by using the mathematical structure of 1D Ising model in the infinite player limit. We observe that for maximum entanglement the quantum strategy is always the equilibrium solution, i.e., the strategy chosen by majority of the players independent of the payoffs, solving the free rider problem.
Keywords:
entanglement renders;
limit;
free riding;
renders free;
redundant thermodynamic;
riding redundant
Journal Title: Physica A: Statistical Mechanics and its Applications
Year Published: 2019
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!
Journal Title: Physica A: Statistical Mechanics and its Applications
Year Published: 2019
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!