How Well Do People Play a Quantum Prisoner’s Dilemma?

How Well Do People Play a Quantum Prisoner’s Dilemma? Game theory suggests quantum information processing technologies could provide useful new economic mechanisms. For example, using shared entangled quantum states can alter incentives so as to reduce the free-rider problem inherent in economic contexts such as public goods provisioning. However, game theory assumes players understand fully the consequences of manipulating quantum states and are rational. Its predictions do not always describe human behavior accurately. To evaluate the potential practicality of quantum economic mechanisms, we experimentally tested how people play the quantum version of the prisoner’s dilemma game in a laboratory setting using a simulated version of the underlying quantum physics. Even without formal training in quantum mechanics, people nearly achieve the payoffs theory predicts, but do not use mixed-strategy Nash equilibria predicted by game theory. Moreover, this correspondence with game theory for the quantum game is closer than that of the classical game. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Quantum Information Processing Springer Journals

How Well Do People Play a Quantum Prisoner’s Dilemma?

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Publisher
Springer US
Copyright
Copyright © 2006 by Springer Science+Business Media, Inc.
Subject
Physics; Quantum Information Technology, Spintronics; Quantum Computing; Data Structures, Cryptology and Information Theory; Quantum Physics; Mathematical Physics
ISSN
1570-0755
eISSN
1573-1332
D.O.I.
10.1007/s11128-006-0012-7
Publisher site
See Article on Publisher Site

Abstract

Game theory suggests quantum information processing technologies could provide useful new economic mechanisms. For example, using shared entangled quantum states can alter incentives so as to reduce the free-rider problem inherent in economic contexts such as public goods provisioning. However, game theory assumes players understand fully the consequences of manipulating quantum states and are rational. Its predictions do not always describe human behavior accurately. To evaluate the potential practicality of quantum economic mechanisms, we experimentally tested how people play the quantum version of the prisoner’s dilemma game in a laboratory setting using a simulated version of the underlying quantum physics. Even without formal training in quantum mechanics, people nearly achieve the payoffs theory predicts, but do not use mixed-strategy Nash equilibria predicted by game theory. Moreover, this correspondence with game theory for the quantum game is closer than that of the classical game.

Journal

Quantum Information ProcessingSpringer Journals

Published: Mar 21, 2006

References

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