Bikas K. Chakrabarti

This book provides the first comprehensive introduction to multi-agent, multi-choice repetitive games, such as the Kolkata Restaurant Problem and the Minority Game. It explains how the tangible formulations of these games, using stochastic strategies developed by statistical physicists employing both classical and quantum physics, have led to very efficient solutions to the problems posed. Further, it includes sufficient introductory notes on information-processing strategies employing both classical statistical physics and quantum mechanics. Games of this nature, in which agents are presented with choices, from among which their goal is to make the minority choice, offer effective means of modeling herd behavior and market dynamics and are highly relevant to assessing systemic risk. Accordingly, this book will be of interest to economists, physicists, and computer scientists alike.

This book provides the first comprehensive introduction to multi-agent, multi-choice repetitive games, such as the Kolkata Restaurant Problem and the Minority Game. It explains how the tangible formulations of these games, using stochastic strategies developed by statistical physicists employing both classical and quantum physics, have led to very efficient solutions to the problems posed. Further, it includes sufficient introductory notes on information-processing strategies employing both classical statistical physics and quantum mechanics. Games of this nature, in which agents are presented with choices, from among which their goal is to make the minority choice, offer effective means of modeling herd behavior and market dynamics and are highly relevant to assessing systemic risk. Accordingly, this book will be of interest to economists, physicists, and computer scientists alike.

Quantum annealing is a new-generation tool of information technology, which helps in solving combinatorial optimization problems with high precision, based on the concepts of quantum statistical physics. Detailed discussion on quantum spin glasses and its application in solving combinatorial optimization problems is required for better understanding of quantum annealing concepts. Fulfilling this requirement, the book highlights recent development in quantum spin glasses including Nishimori line, replica method and quantum annealing methods along with the essential principles. Separate chapters on simulated annealing, quantum dynamics and classical spin models are provided for enhanced learning. Important topics including adiabatic quantum computers and quenching dynamics are discussed in detail. This text will be useful for students of quantum computation, quantum information, statistical physics and computer science.

In this book, the authors bring together basic ideas from fracture mechanics and statistical physics, classical theories, simulation and experimental results to make the statistical physics aspects of fracture more accessible. They explain fracture-like phenomena, highlighting the role of disorder and heterogeneity from a statistical physical viewpoint. The role of defects is discussed in brittle and ductile fracture, ductile to brittle transition, fracture dynamics, failure processes with tension as well as compression: experiments, failure of electrical networks, self-organized critical models of earthquake and their extensions to capture the physics of earthquake dynamics. The text also includes a discussion of dynamical transitions in fracture propagation in theory and experiments, as well as an outline of analytical results in fiber bundle model dynamics With its wide scope, in addition to the statistical physics community, the material here is equally accessible to engineers, earth scientists, mechanical engineers, and material scientists. It also serves as a textbook for graduate students and researchers in physics.

The transverse field Ising and XY models (the simplest quantum spin models) provide the organising principle for the rich variety of interconnected subjects which are covered in this book. From a generic introduction to in-depth discussions of the subtleties of the transverse field Ising and related models, it includes the essentials of quantum dynamics and quantum information. A wide range of relevant topics has also been provided: quantum phase transitions, various measures of quantum information, the effects of disorder and frustration, quenching dynamics and the Kibble–Zurek scaling relation, the Kitaev model, topological phases of quantum systems, and bosonisation. In addition, it also discusses the experimental studies of transverse field models (including the first experimental realisation of quantum annealing) and the recent realisation of the transverse field Ising model using tunable Josephson junctions. Further, it points to the obstacles still remaining to develop a successful quantum computer.

This book discusses the study and analysis of the physical aspects of social systems and models, inspired by the analogy with familiar models of physical systems and possible applications of statistical physics tools. Unlike the traditional analysis of the physics of macroscopic many-body or condensed matter systems, which is now an established and mature subject, the upsurge in the physical analysis and modelling of social systems, which are clearly many-body dynamical systems, is a recent phenomenon. Though the major developments in sociophysics have taken place only recently, the earliest attempts of proposing "Social Physics" as a discipline are more than one and a half centuries old. Various developments in the mainstream physics of condensed matter systems have inspired and induced the recent growth of sociophysical analysis and models. In spite of the tremendous efforts of many scientists in recent years, the subject is still in its infancy and major challenges are yet to be taken up. An introduction to these challenges is the main motivation for this book.

The distribution of wealth and income is never uniform, and philosophers and economists have tried for years to understand the reasons and formulate remedies for such inequalities. This book introduces the elegant and intriguing kinetic exchange models that physicists have developed to tackle these issues. This is the first monograph in econophysics focussed on the analyses and modelling of these distributions, and is ideal for physicists and economists. It is written in simple, lucid language, with plenty of illustrations and in-depth analyses, making it suitable for researchers new to this field as well as specialized readers. It explores the origin of economic inequality and examines the scientific steps that can be taken to reduce this inequality in the future.

Quantum phase transitions, driven by quantum fluctuations, exhibit intriguing features offering the possibility of potentially new applications, e.g. in quantum information sciences. Major advances have been made in both theoretical and experimental investigations of the nature and behavior of quantum phases and transitions in cooperatively interacting many-body quantum systems. For modeling purposes, most of the current innovative and successful research in this field has been obtained by either directly or indirectly using the insights provided by quantum (or transverse field) Ising models because of the separability of the cooperative interaction from the tunable transverse field or tunneling term in the relevant Hamiltonian. Also, a number of condensed matter systems can be modeled accurately in this approach, hence granting the possibility to compare advanced models with actual experimental results. This work introduces these quantum Ising models and analyses them both theoretically and numerically in great detail. With its tutorial approach the book addresses above all young researchers who wish to enter the field and are in search of a suitable and self-contained text, yet it will also serve as a valuable reference work for all active researchers in this area.

Filling the gap for an up-to-date textbook in this relatively new interdisciplinary research field, this volume provides readers with a thorough and comprehensive introduction. Based on extensive teaching experience, it includes numerous worked examples and highlights in special biographical boxes some of the most outstanding personalities and their contributions to both physics and economics. The whole is rounded off by several appendices containing important background material.

Under extreme conditions the mechanical or electrical properties of solids tend to be destabilized and failure or breakdown occurs. In practice these instabilities in the solid often nucleate or spread from disorders in the structure of the solid. This book investigates the modelling of such failure and breakdown processes. The basic principles are illuminated with a large number of computer simulations and laboratory simulations or `table top' experiments. Three particular case studies of failure are presented: electrical failures like fuse and dielectric breakdown; mechanical fracture; and earthquakes as an example of dynamic failure.