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Elementary Quantum Mechanical Principles and Social Science: Is There a Connection?

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  • Haven, Emmanuel

    (School of Management - University of Leicester - United Kingdom)

Abstract

In this paper we provide first for a brief overview of some of the work which has been performed on the interface of quantum mechanics and macroscopic systems (such as economics). We then provide for an overview of how such quantum mechanical concepts can enter financial option pricing theory. We round off the paper with some suggestions on where this area of research can be heading in the near future.

Suggested Citation

  • Haven, Emmanuel, 2008. "Elementary Quantum Mechanical Principles and Social Science: Is There a Connection?," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 5(1), pages 41-58, March.
    • Handle: RePEc:rjr:romjef:v:5:y:2008:i:1:p:41-58
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    References listed on IDEAS

    as
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    Cited by:

    1. Raymond J. Hawkins & B. Roy Frieden, 2012. "Asymmetric Information and Quantization in Financial Economics," International Journal of Mathematics and Mathematical Sciences, Hindawi, vol. 2012, pages 1-11, December.

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    More about this item

    Keywords

    superposition; wave function; Black-Scholes option price; information function; probability amplitude; Schrödinger equation; Newton- Bohm trajectory; mean forward (backward) derivative;
    All these keywords.

    JEL classification:

    • C00 - Mathematical and Quantitative Methods - - General - - - General
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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