Giffen paradoxes in quantum market games

TL;DR

This paper explores how quantum game theory can model Giffen paradoxes, extending classical economic concepts into the quantum realm and highlighting new insights into market behaviors.

Contribution

It introduces a quantum formalism for analyzing Giffen paradoxes, bridging quantum information theory and economic game theory.

Findings

Quantum formalism models Giffen paradoxes effectively

Extension of classical game theory into quantum domain

Potential for new market behavior insights

Abstract

Recent development in quantum computation and quantum information theory allows to extend the scope of game theory for the quantum world. The paper presents the history and basic ideas of quantum game theory. Description of Giffen paradoxes in this new formalism is discussed.