Search results
Results from the WOW.Com Content Network
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 ...
Orrell is considered a leading proponent of quantum finance and quantum economics. [5] In The Evolution of Money [6] (coauthored with journalist Roman Chlupatý) and a series of articles [7] [8] [9] he proposed a quantum theory of money and value, which states that money has dualistic properties because it combines the properties of an owned and valued thing, with those of abstract number.
In his book The Second Law of Economics, he discusses the influence of energy conservation and entropy on prosperity and adds to the production theory of economics the important scientific component of energy, without which a modern economy cannot be understood. [19]
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]
Contemporary practice of mathematical finance has been subjected to criticism from figures within the field notably by Paul Wilmott, and by Nassim Nicholas Taleb, in his book The Black Swan. [14] Taleb claims that the prices of financial assets cannot be characterized by the simple models currently in use, rendering much of current practice at ...
The book has also been suggested as a complement to simplified introductory books in quantum mechanics. [ 3 ] Experimental physicist and 2022 Nobel laureate in Physics Alain Aspect , has frequently mentioned that the book was a revelation early in his career, helping him better understand the research papers of quantum mechanics and the work of ...
Richard Andreas Werner (born 5 January 1967) is a German banking and development economist who is a university professor at University of Winchester.. He has proposed the "Quantity Theory of Credit", or "Quantity Theory of Disaggregated Credit", which disaggregates credit creation that are used for the real economy (GDP transactions), on the one hand, and financial transactions, on the other ...