Backwards-induction outcome in a quantum game

In economics duopoly is a market dominated by two firms large enough to influence the market price. Stackelberg presented a dynamic form of duopoly that is also called `leader-follower' model. We give a quantum perspective on Stackelberg duopoly that gives a backwards-induction outcome same as the Nash equilibrium in static form of duopoly also known as Cournot's duopoly. We find two qubit quantum pure states required for this purpose.Comment: Revised in the light of referee's comments. Latex, 16 pages, 2 figures, To appear in Phy. Rev.

Quantum games with a multi-slit electron diffraction setup

A setup is proposed to play a quantum version of the famous bimatrix game of Prisoners' Dilemma. Multi-slit electron diffraction with each player's pure strategy consisting of opening one of the two slits at his/her disposal are essential features of the setup. Instead of entanglement the association of waves with travelling material objects is suggested as another resource to play quantum games.Comment: Latex, 7 pages, 2 eps figures, submitted to Physics Letters

Simulation of continuous variable quantum games without entanglement

A simulation scheme of quantum version of Cournot's Duopoly is proposed, in which there is a new Nash equilibrium that may be also Pareto optimal without any entanglement involved. The unique property of this simulation scheme is decoherence-free against the symmetric photon loss. Furthermore, we analyze the effects of the asymmetric information on this simulation scheme and investigate the case of asymmetric game caused by asymmetric photon loss. A second-order phase transition-like behavior of the average profits of the firm 1 and firm 2 in Nash equilibrium can be observed with the change of the degree of asymmetry of the information or the degree of "virtual cooperation". It is also found that asymmetric photon loss in this simulation scheme plays a similar role with the asymmetric entangled states in the quantum game. PACS numbers: 02.50.Le, 03.67.-aComment: 7 pages, 4 figures, RevTex, some contents have been revise

An Improved Split-Step Wavelet Transform Method for Anomalous Radio Wave Propagation Modelling

Anomalous tropospheric propagation caused by ducting phenomenon is a major problem in wireless communication. Thus, it is important to study the behavior of radio wave propagation in tropospheric ducts. The Parabolic Wave Equation (PWE) method is considered most reliable to model anomalous radio wave propagation. In this work, an improved Split Step Wavelet transform Method (SSWM) is presented to solve PWE for the modeling of tropospheric propagation over finite and infinite conductive surfaces. A large number of numerical experiments are carried out to validate the performance of the proposed algorithm. Developed algorithm is compared with previously published techniques; Wavelet Galerkin Method (WGM) and Split-Step Fourier transform Method (SSFM). A very good agreement is found between SSWM and published techniques. It is also observed that the proposed algorithm is about 18 times faster than WGM and provide more details of propagation effects as compared to SSFM

Quantum Cooperative Games

We study two forms of a symmetric cooperative game played by three players, one classical and other quantum. In its classical form making a coalition gives advantage to players and they are motivated to do so. However in its quantum form the advantage is lost and players are left with no motivation to make a coalition.Comment: Revised in the light of referee's comments. Submitted to Physics Letters A. LaTex, 9 pages, 1 figure. Parts of this paper are rewritte

Quantum correlations and Nash equilibria of a bi-matrix game

Playing a symmetric bi-matrix game is usually physically implemented by sharing pairs of 'objects' between two players. A new setting is proposed that explicitly shows effects of quantum correlations between the pairs on the structure of payoff relations and the 'solutions' of the game. The setting allows a re-expression of the game such that the players play the classical game when their moves are performed on pairs of objects having correlations that satisfy the Bell's inequalities. If players receive pairs having quantum correlations the resulting game cannot be considered another classical symmetric bi-matrix game. Also the Nash equilibria of the game are found to be decided by the nature of the correlations.Comment: minor correction

The Impact of Enlightened Shareholder Value

This paper documents and analyses the findings of a study conducted in relation to selected reports of all of the retail companies that are listed on the FTSE 100 in order to ascertain the impact of enlightened shareholder value on UK corporate governance. The findings are also analysed in light of other studies and commentary

An evaluation of sustainability in large British companies

This article undertakes an assessment of the sustainability efforts of some of the largest companies that are listed on the FTSE 100 (a share index composed of the 100 largest companies that are listed on the London Stock Exchange according to market capitalisation). It provides empirical insights into how large listed British companies are addressing sustainability and their efforts in terms of incorporating sustainability factors into their business operations. The study was based on an extended content analysis of each company’s annual and sustainability reports. Our findings demonstrate that companies are trying to integrate sustainability in their business strategies even though there are variations in their efforts. There are indications that the majority of the companies have been able to embed sustainability in their strategy and operations and are now attempting to establish goals for further improvement. We found strong evidence of willingness to engage with relevant stakeholders to evaluate which sustainability issues are of importance to the particular companies and then to communicate to those relevant stakeholders the measures that have been taken to integrate sustainability in their business strategies. However, our findings also revealed areas where there is a need for further improvement such as compliance with international standards for sustainability reporting and establishment of better frameworks to enhance their sustainability efforts