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Wave function in economics

Author

Listed:
  • Ledenyov, Dimitri O.
  • Ledenyov, Viktor O.

Abstract

In this research article: 1) the new quantum macroeconomics and microeconomics theories in the quantum econophysics science are formulated, 2) the notion on the wave function in the quantum macroeconomics and microeconomics theories in the quantum econophysics science is introduced, and 3) the quantum econophysical wave equations in the quantum macroeconomics and microeconomics theories in the quantum econophysics science are derived for the first time. Authors show that there is a certain conceptual scientific analogy between 1) the wave functions in the quantum econophysical wave equations in the quantum macroeconomics and microeconomics theories in the quantum econophysics science as well as 2) the wave function in the Schrödinger quantum mechanical wave equation in the quantum mechanics science. The wave function theories are created to make: 1) the economy’s state prediction at the certain time moment, using the wave function in the quantum econophysical wave equation in the quantum macroeconomic theory in the quantum econophysics science; and 2) the firm’s state prediction at the certain time moment, using the wave function in the quantum econophysical wave equation in the quantum microeconomic theory in the quantum econophysics science. Authors use the quantum econophysical wave equations in the quantum econophysics science to develop a new software program for the application by the central / commercial / investment banks with the purpose the make the accurate characterization and forecasting of: 1) the national/global economic performance changes, including the GIP((t), GDP(t), GNP(t) dependences changes, in agreement with the quantum macroeconomics theory in the quantum econophysics science, and 2) the firm’s economic performance changes, including the EBITDA(t) dependence changes in agreement with the quantum microeconomics theory in the quantum econophysics science.

Suggested Citation

  • Ledenyov, Dimitri O. & Ledenyov, Viktor O., 2015. "Wave function in economics," MPRA Paper 66577, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:66577
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    File URL: https://mpra.ub.uni-muenchen.de/66987/8/MPRA_paper_66987.pdf
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    References listed on IDEAS

    as
    1. Smith, Adam, 2008. "An Inquiry into the Nature and Causes of the Wealth of Nations: A Selected Edition," OUP Catalogue, Oxford University Press, number 9780199535927 edited by Sutherland, Kathryn.
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    Cited by:

    1. Ledenyov, Dimitri O. & Ledenyov, Viktor O., 2015. "Wave function method to forecast foreign currencies exchange rates at ultra high frequency electronic trading in foreign currencies exchange markets," MPRA Paper 67470, University Library of Munich, Germany.

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    More about this item

    Keywords

    economy’s performance state prediction problem at certain time moment; firm’s performance state prediction problem at the certain time moment; wave functions in quantum econophysical wave equations in quantum macroeconomics/microeconomics theories in quantum econophysics science; wave function in Schrödinger quantum mechanical wave equation in quantum mechanics science; econophysics; econometrics; nonlinear dynamic economic system; economy of scale and scope; macroeconomics; microeconomics.;
    All these keywords.

    JEL classification:

    • C0 - Mathematical and Quantitative Methods - - General
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • C4 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics
    • C60 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General
    • D0 - Microeconomics - - General
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • E0 - Macroeconomics and Monetary Economics - - General
    • N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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