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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]
Some consider it the simplest theory to explain quantum phenomena. [33] Nevertheless, it is a hidden-variable theory, and necessarily so. [ 34 ] The major reference for Bohm's theory today is his book with Basil Hiley , published posthumously.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
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.
The set of binary vectors of a fixed length > is denoted by , where = {,} is the set of binary values (or bits).We are given a real-valued upper triangular matrix, whose entries define a weight for each pair of indices , {, …,} within the binary vector.
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.