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Quantum finance is an interdisciplinary research field, applying theories and methods developed by quantum physicists and economists in order to solve problems in finance. It is a branch of econophysics .
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 ...
Wiesner's quantum money scheme was first published in 1983. [1] A formal proof of security, using techniques from semidefinite programming, was given in 2013. [2]In addition to a unique serial number on each bank note (these notes are actually more like cheques, since a verification step with the bank is required for each transaction), there is a series of isolated two-state quantum systems. [3]
While trained economists use complex economic models that are built on observed empirical relationships, in contrast, mathematical finance analysis will derive and extend the mathematical or numerical models without necessarily establishing a link to financial theory, taking observed market prices as input.
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 .
The word quantum is the neuter singular of the Latin interrogative adjective quantus, meaning "how much"."Quanta", the neuter plural, short for "quanta of electricity" (electrons), was used in a 1902 article on the photoelectric effect by Philipp Lenard, who credited Hermann von Helmholtz for using the word in the area of electricity.
Quantum cognition uses the mathematical formalism of quantum probability theory to model psychology phenomena when classical probability theory fails. [1] The field focuses on modeling phenomena in cognitive science that have resisted traditional techniques or where traditional models seem to have reached a barrier (e.g., human memory), [2] and modeling preferences in decision theory that seem ...
Quantum physics is a branch of modern physics in which energy and matter are described at their most fundamental level, that of energy quanta, elementary particles, and quantum fields. Quantum physics encompasses any discipline concerned with systems that exhibit notable quantum-mechanical effects, where waves have properties of particles, and ...