Hedging bets with correlated quantum strategies

DOI10.1098/RSPA.2011.0621MaRDI QIDQ5362012zbMATH OpenOpenAlexFDO

Authors Abel Molina, John Watrous

Publication date 29 September 2017

Published in Proceedings of the Royal Society A: Mathematical, Physical and Engineering Sciences (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/1104.1140

Mathematics Subject Classification ID

Derivative securities (option pricing, hedging, etc.) (91G20) Semidefinite programming (90C22) Applications of statistical and quantum mechanics to economics (econophysics) (91B80) Quantum information, communication, networks (quantum-theoretic aspects) (81P45) Probabilistic games; gambling (91A60)

Abstract: This paper studies correlations among independently administered hypothetical tests of a simple interactive type, and demonstrates that correlations arising in quantum information theoretic variants of these tests can exhibit a striking non-classical behavior. When viewed in a game-theoretic setting, these correlations are suggestive of a perfect form of hedging, where the risk of a loss in one game of chance is perfectly offset by one's actions in a second game. This type of perfect hedging is quantum in nature: it is not possible in classical variants of the tests we consider.

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