The word "quantum" is from the Latin for "how much" and in this book mathematician David Orrell shows how it applies to the world of economic transactions. Written in clear and accessible language, the book covers the essential mathematics behind topics such as quantum cognition, option pricing, and quantum game theory, and delves into the nuts and bolts of quantum mechanics, the principles of quantum economic modelling, and the basics of quantum computation. On the way the reader will learn how quantum interference can be used to model cognitive dissonance, how a quantum walk goes further than a random walk, and how financial entanglement explains the rate of mortgage default. It is aimed at anyone who wants to understand the quantum ideas working their way into economics and finance, without getting drowned in wave equations. As interest in quantum computing grows, many companies from established banks to startups are looking at ways to perform financial simulations using quantum algorithms. But what if we should be using quantum models anyway - because the monetary system has quantum properties of its own, and because they work? The field is developing rapidly, and this second edition contains many updates including new material on quantum logic and quantum agent-based models, and a guest chapter from Ramy Aboushelbaya and Marko Mayr of Quantum Dice on quantum hardware. David Orrell is an applied mathematician with extensive experience in mathematical modelling, and the author of a dozen books on science and economics.
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This book offers an introductory text on mathematical methods for graduate students of economics and finance–and leading to the more advanced subject of quantum mathematics.
And it can blow up without warning. David Orrell argues that the emerging discipline of quantum economics, of which he is at the forefront, is the key to shattering the illusions that prevent us from understanding money's true nature.
This book provides an introduction to how the mathematical tools from quantum field theory can be applied to economics and finance.
This book applies the mathematics and concepts of quantum mechanics and quantum field theory to the modelling of interest rates and the theory of options.
Written by world experts in the foundations of quantum mechanics and its applications to social science, this book shows how elementary quantum mechanical principles can be applied to decision-making paradoxes in psychology and used in ...
Pearson Education India. Chaturvedi, S. et al. (2006) Space, time and relativity. Resonance 11(7): 14–29. Einstein, A. (1915) Die Feldgleichungen der Gravitation. Sitzungsberichte der Preussischen Akademie der Wissenschaften zu Berlin: ...
Rather than rehash traditional technical analysis topics although author Fabio Oreste does discuss how some of legendary technician W. D. Gann's principles can be profitably incorporated into his own trading method this innovative guide ...
Quantum Bio-Informatics. QP-PQ: Quantum Probability and White Noise Analysis, Vol. 21 (World Scientific, Singapore 2008), pp. 181—216 Ohya, M.: Selected Papers of M. Ohya (World Scientific, Singapore 2008) Orlov, Yu.
In the first part of this volume, leading scholars explain the historical origin and analytical content of quantum macroeconomics.