Quantum Economics and Finance: An Applied Mathematics Introduction

“If you are looking to learn more about quantum theory applied to finance, we highly recommend reading David Orrell’s book: Quantum Economics and Finance: An Applied Mathematics Introduction.” Quantum News The word “quantum” is from the Latin for “how much” and in this book mathematician David Orrell shows how it applies to the world of economic transactions. Written in clear and accessible language, the book covers the essential mathematics behind topics such as quantum cognition, option pricing, and quantum game theory, and delves into the nuts and bolts of quantum mechanics, the principles of quantum economic modelling, and the basics of quantum computation. On the way the reader will learn how quantum interference can be used to model cognitive dissonance, how a quantum walk goes further than a random walk, why market oscillations are real and imaginary at the same time, and how financial entanglement explains the rate of mortgage default. It is aimed at anyone who wants to understand the quantum ideas working their way into economics and finance, without getting drowned in wave equations. As interest in quantum computing grows, many companies from established banks to startups are looking at ways to perform financial simulations using quantum algorithms. But what if we should be using quantum models anyway – because the monetary system has quantum properties of its own, and because they work? The field is developing rapidly, and this third edition contains many updates including new material on using quantum models to simulate the stock market. David Orrell is an applied mathematician with extensive experience in mathematical modelling, and the author of a dozen books on science and economics. The Economist calls him one of the “leading proponents” of quantum finance, and notes that “One way or another, finance will catch up.” This book will give the reader a head start.
ASIN: 1916081630
VSKU: GBV.1916081630.A
Condition: Acceptable
Author/Artist:Orrell, David
Binding: Paperback
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Condition Notes: This book is in acceptable condition and may have highlighting and or writing throughout. The actual cover image may not match the stock photo, dust jacket may be damaged or missing. Book may show internal and or external wear on spine or cover and may be slightly skewed or have creased pages. This is a used book so codes may be invalid or accompanying media may be missing. May be an Ex library book with stickers and stamps.