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Financial modeling and quantum mathematics

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dc.contributor.authorBaaquie, Belal E.
dc.date.accessioned2017-07-20T03:04:35Z
dc.date.available2017-07-20T03:04:35Z
dc.date.issued2013
dc.description.abstractFinancial instruments have a random evolution and can be described by a stochastic process. It is shown that another approach for modeling financial instruments considered as a (classical) random system is by employing the mathematics that results from the formalism of quantum mechanics. Financial instruments are described by the elements of a linear vector state space and its evolution is determined by a Hamiltonian operator. It is further shown that interest rates can be described by a random function which is mathematically equivalent to a two dimensional Euclidean quantum field.en_US
dc.identifier.citationBaaquie, Belal E. (2013). Financial modeling and quantum mathematics. Computer & Mathematics with Applications, 65 (20), pp. 1665-1673.en_US
dc.identifier.doidoi:10.1016/j.camwa.2013.01.025
dc.identifier.urihttp://www.sciencedirect.com/science/article/pii/S0898122113000540
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/2581
dc.languageEnglish
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.rights2013. Elsevier
dc.sourceSEDONA
dc.subjectQuantum financeen_US
dc.titleFinancial modeling and quantum mathematicsen_US
dc.typeJournal Articleen_US
dlc.maintopicConventional finance
dlc.subtopicEconomics
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicConventional financeen_US
ikr.topic.subtopicEconomicsen_US
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