Related papers: Quantum Finance
A discussion is given of the quantisation of a physical system with finite degrees of freedom subject to a Hamiltonian constraint by treating time as a constrained classical variable interacting with an unconstrained quantum state. This…
We investigate the behavior of stocks in daily price-limited stock markets by purposing a quantum spatial-periodic harmonic model. The stock price is presumed to oscillate and damp in a quantum spatial-periodic harmonic oscillator potential…
Quantum computing employs controllable interactions to perform sequences of logical gates and entire algorithms on quantum registers. This paradigm has been widely explored, e.g., for simulating dynamics of manybody systems by decomposing…
This is an attempt to create a consistent and non-trivial extension of quantum theory, describing in detail the quantum measurement process. A tentative but concrete model is presented, based on the concept of multiple…
Financial networks have become extremely useful in characterizing the structure of complex financial systems. Meanwhile, the time evolution property of the stock markets can be described by temporal networks. We utilize the temporal network…
Hamiltonian mechanics describes the evolution of a system through its Hamiltonian. The Hamiltonian typically also represents the energy observable, a Noether-conserved quantity associated with the time-invariance of the law of evolution. In…
A surprising image of the stock market arises if the price time series of all Dow Jones Industrial Average stock components are represented in one chart at once. The chart evolves into a braid representation of the stock market by taking…
The recent crash demonstrated (once again) that the description of the financial market by present financial mathematics cannot be considered as totally satisfactory. We remind that nowadays financial mathematics is heavily based on the use…
With model uncertainty characterized by a convex, possibly non-dominated set of probability measures, the agent minimizes the cost of hedging a path dependent contingent claim with given expected success ratio, in a discrete-time,…
Portfolio construction has been a long-standing topic of research in finance. The computational complexity and the time taken both increase rapidly with the number of investments in the portfolio. It becomes difficult, even impossible for…
Recent development in quantum computation and quantum information theory allows to extend the scope of game theory for the quantum world. The authors have recently proposed a quantum description of financial market in terms of quantum game…
A simple quantum model explains the Levy-unstable distributions for individual stock returns observed by ref.[1]. The probability density function of the returns is written as the squared modulus of an amplitude. For short time intervals…
We propose and discuss some toy models of stock markets using the same operatorial approach adopted in quantum mechanics. Our models are suggested by the discrete nature of the number of shares and of the cash which are exchanged in a real…
We discuss the issue of unitarity in particular quantum cosmological models with scalar field. The time variable is recovered, in this context, by using the Schutz's formalism for a radiative fluid. Two cases are considered: a phantom…
We show that quantum theory (QT) is a substructure of classical probabilistic physics. The central quantity of the classical theory is Hamilton's function, which determines canonical equations, a corresponding flow, and a Liouville equation…
A new space-time model for interacting agents on the financial market is presented. It is a combination of the Curie-Weiss model and a space-time model introduced by J\"arpe 2005. Properties of the model are derived with focus on the…
We argue that quantum theory is a low-energy effective theory which emerges from some sub-quantum level theory which is of an undulatory and translocal character. We show the close connection of quantum theory with both gravity and the…
For the description of quantum evolution, the use of a manifestly time-dependent quantum Hamiltonian $\mathfrak{h}(t) =\mathfrak{h}^\dagger(t)$ is shown equivalent to the work with its simplified, time-independent alternative $G\neq…
This paper describes an approach to economics that is inspired by quantum computing, and is motivated by the need to develop a consistent quantum mathematical framework for economics. The traditional neoclassical approach assumes that…
We show how quantum mechanics can be understood as a space-time theory provided that its spatial continuum is modelled by a variable real number (qrumber) continuum. Such a continuum can be constructed using only standard Hilbert space…