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The editorial in the inaugural issue of the journal Quantum Economics and Finance says: "Quantum economics and finance is the application of probability based on projective geometry—also known as quantum probability—to modelling in economics and finance. It draws on related areas such as quantum cognition, quantum game theory, quantum ...
This is one of the reasons why it is possible that a quantum option pricing model could be more accurate than a classical one. Belal E. Baaquie has published many papers on quantum finance and even written a book that brings many of them together. [3] [4] Core to Baaquie's research and others like Matacz are Richard Feynman's path integrals. [5]
In physics, a quantum (pl.: quanta) is the minimum amount of any physical entity (physical property) involved in an interaction. Quantum is a discrete quantity of energy proportional in magnitude to the frequency of the radiation it represents.
Bernard Schmitt (1929 in Colmar, France – 2014 in Beaune, France) was a French economist, founder of the school of economic thought known as 'quantum macroeconomics'. [ 1 ] During his doctoral research (Paris, 1958) he studied at the University of Cambridge (UK), under the supervision of Piero Sraffa and Dennis Robertson .
Emmanuel Haven is an academic, author and researcher. He previously held a personal Chair at the University of Leicester (UK) and is currently full professor and the Dr. Alex Faseruk Chair in Financial Management at the Faculty of Business Administration, Memorial University.
Each point in the Bloch ball is a possible quantum state for a qubit.In QBism, all quantum states are representations of personal probabilities. In physics and the philosophy of physics, quantum Bayesianism is a collection of related approaches to the interpretation of quantum mechanics, the most prominent of which is QBism (pronounced "cubism").
Natural economics: Economics is concerned with both 'normal' and 'abnormal' economic conditions. In an objective scientific study one is not restricted by the normality assumption in describing actual economies, as much empirical evidence shows that some "anomalous" behavior can persist for a long time in real markets e.g., in market "bubbles ...
If these fixed points correspond to a free field theory, the theory is said to exhibit quantum triviality, possessing what is called a Landau pole, as in quantum electrodynamics. For a φ 4 interaction, Michael Aizenman proved that this theory is indeed trivial, for space-time dimension D ≥ 5. [ 22 ]