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https://doi.org/10.1016/j.camwa.2013.01.025
| Title: | Financial modeling and quantum mathematics | Authors: | Baaquie, B.E. | Keywords: | Quantum finance | Issue Date: | 2013 | Citation: | Baaquie, B.E. (2013). Financial modeling and quantum mathematics. Computers and Mathematics with Applications 65 (10) : 1665-1673. ScholarBank@NUS Repository. https://doi.org/10.1016/j.camwa.2013.01.025 | Abstract: | Financial 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. © 2013 Elsevier Ltd. All rights reserved. | Source Title: | Computers and Mathematics with Applications | URI: | http://scholarbank.nus.edu.sg/handle/10635/96633 | ISSN: | 08981221 | DOI: | 10.1016/j.camwa.2013.01.025 |
| Appears in Collections: | Staff Publications |
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