2009/04/14 by Matthias Hanauske, Jennifer Kunz, Steffen Bernius +1
Economics, Econometrics and Finance · Physics and Astronomy · Psychology · #Complex Systems and Time Series Analysis #Dysfunctional family #Economics #Evolutionarily stable strategy #Evolutionary game theory #Finance #Financial market #Game theory #Mathematical economics #Population #Psychology #Sociology #physics.soc-ph #q-fin.GN #q-fin.TR #quant-ph
paper · pdf · doi:10.1016/j.physa.2010.06.007
arxiv created 2009/04/14 · openalex publication_date 2010/06/17 · arxiv updated 2015/05/13 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/05
The last financial and economic crisis demonstrated the dysfunctional long-term effects of aggressive behaviour in financial markets. Yet, evolutionary game theory predicts that under the condition of strategic dependence a certain degree of aggressive behaviour remains within a given population of agents. However, as the consequences of the financial crisis exhibit, it would be desirable to change the 'rules of the game' in a way that prevents the occurrence of any aggressive behaviour and thereby also the danger of market crashes. The paper picks up this aspect. Through the extension of the in literature well-known Hawk-Dove game by a quantum approach, we can show that dependent on entanglement, also evolutionary stable strategies can emerge, which are not predicted by classical evolutionary game theory and where the total economic population uses a non aggressive quantum strategy.