Related papers: The Theory of Intrinsic Time: A Primer
Intrinsic time is an example of an event-based conception of time, used to analyze financial time series. Here, for the first time, we reveal the connection between intrinsic time and physical time. In detail, we present an analytic…
The formulation of quantum mechanics within the framework of entropic dynamics includes several new elements. In this paper we concentrate on one of them: the implications for the theory of time. Entropic time is introduced as a…
We argue that (1) our perception of time through change and (2) the gap between reality and our observation of it are at the heart of both quantum mechanics and the dynamical mechanism of physical systems. We suggest that the origin of…
Animals exploit time to survive in the world. Temporal information is required for higher-level cognitive abilities such as planning, decision making, communication, and effective cooperation. Since time is an inseparable part of cognition,…
A possible mechanism of time is formulated by developing an idea of time replaced by quantum correlations, with the aid of modern quantum information theory. We invent a microscopic model, where correlations of a closed system are steadily…
Time has been an elusive concept to grasp. Although we do not yet understand it properly, there has been advances made in regards to how we can explain it. One such advance is the Page-Wootters mechanism. In this mechanism time is seen as…
Dynamics, the study of change, is normally the subject of mechanics. Whether the chosen mechanics is ``fundamental'' and deterministic or ``phenomenological'' and stochastic, all changes are described relative to an external time. Here we…
Although time is one of our most intuitive physical concepts, its understanding at the fundamental level is still an open question in physics. For instance, time in quantum mechanics and general relativity are two distinct and incompatible…
The paper puts forward a conceptual framework in which the phenomenon of time can be presented and discussed in a proper way. We argue that change is ontologically and epistemologically a more basic phenomenon than time. Time is an abstract…
According to the dominant view, time in perceptual decision making is used for integrating new sensory evidence. Based on a probabilistic framework, we investigated the alternative hypothesis that time is used for gradually refining an…
We investigate the question, "how does time flow?" and show that time may change by inversions as well. We discuss its implications to a simple class of linear systems. Instead of introducing any unphysical behaviour, inversions can lead to…
The deep connection between entropy and information is discussed in terms of both classical and quantum physics. The mechanism of information transfer between systems via entanglement is explored in the context of decoherence theory. The…
The basic tenet of the present work is the assumption of the lack of external and fixed time in the Universe. This assumption is best embodied by general relativity, which replaces the fixed space-time structure with the gravitational…
Most of us think we know some basic facts about how time works. The facts we believe we know are based on a few intuitions about time, which are, in turn, based on our conscious waking experiences. As far as I can tell, these intuitions…
The problem of the Nature of Time is twofold: whether or not time is a fundamental quantity of Nature, and how does clock time of metrology emerge in the experimental description of dynamics. This work strongly supports the fundamental…
We review the nature of some well-known phenomena such as volatility smiles, convexity adjustments and parallel derivative markets. We propose that the market is incomplete and postulate the existence of intrinsic risks in every contingent…
From the Physics point of view, time is now best described through General Relativity, as part of space-time which is a dynamical object encoding gravity. Time possesses also some intrinsic irreversibility due to thermodynamics, quantum…
Current theoretical physics suggests the flow of time is an illusion: the entire universe just is, with no special meaning attached to the present time. This paper points out that this view, in essence represented by usual space-time…
Financial markets are often modelled as if time were unique and continuous across assets and markets. Financial markets are however asynchronous, order flow is event-driven, and waiting times between events are often random. Many of the…
This paper shows how a time series of measurements of an evolving system can be processed to create an inner time series that is unaffected by any instantaneous invertible, possibly nonlinear transformation of the measurements. An inner…