英文标题:
《Quantum Barro--Gordon Game in Monetary Economics》
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作者:
Ali Hussein Samadi, Afshin Montakhab, Hussein Marzban, Sakine Owjimehr
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最新提交年份:
2017
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英文摘要:
Classical game theory addresses decision problems in multi-agent environment where one rational agent\'s decision affects other agents\' payoffs. Game theory has widespread application in economic, social and biological sciences. In recent years quantum versions of classical games have been proposed and studied. In this paper, we consider a quantum version of the classical Barro-Gordon game which captures the problem of time inconsistency in monetary economics. Such time inconsistency refers to the temptation of weak policy maker to implement high inflation when the public expects low inflation. The inconsistency arises when the public punishes the weak policy maker in the next cycle. We first present a quantum version of the Barro-Gordon game. Next, we show that in a particular case of the quantum game, time-consistent Nash equilibrium could be achieved when public expects low inflation, thus resolving the game.
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中文摘要:
经典博弈论解决了多agent环境中的决策问题,其中一个理性agent的决策影响其他agent的收益。博弈论在经济、社会和生物科学中有着广泛的应用。近年来,人们提出并研究了经典博弈的量子版本。在本文中,我们考虑经典Barro-Gordon博弈的量子版本,它捕获了货币经济学中的时间不一致性问题。这种时间不一致性指的是,当公众预期低通胀时,软弱的政策制定者试图实施高通胀。当公众在下一个周期惩罚软弱的决策者时,矛盾就会出现。我们首先介绍了Barro Gordon游戏的量子版本。接下来,我们证明了在量子博弈的一个特殊情况下,当公众期望低通货膨胀时,可以实现时间一致的纳什均衡,从而解决了博弈。
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分类信息:
一级分类:Quantitative Finance 数量金融学
二级分类:Economics 经济学
分类描述:q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学,包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
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一级分类:Physics 物理学
二级分类:Statistical Mechanics 统计力学
分类描述:Phase transitions, thermodynamics, field theory, non-equilibrium phenomena, renormalization group and scaling, integrable models, turbulence
相变,热力学,场论,非平衡现象,重整化群和标度,可积模型,湍流
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一级分类:Physics 物理学
二级分类:Quantum Physics 量子物理学
分类描述:Description coming soon
描述即将到来
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