An introduction to econophysics: correlations and complexity in finance
An introduction to econophysics: correlations and complexity in finance
Information Dynamics in Cognitive, Psychological, Social and Anomalous Phenomena (FUNDAMENTAL THEORIES OF PHYSICS)
Can Quantum Information be Processed by Macroscopic Systems?
Quantum Information Processing
Copula and s-map on a quantum logic
Information Sciences: an International Journal
A test of "reason-based" and "reluctance-to-think" accounts of the disjunction effect
Information Sciences: an International Journal
Hybrid Kansei-SOM model using risk management and company assessment for stock trading
Information Sciences: an International Journal
Identification of stock market forces in the system adaptation framework
Information Sciences: an International Journal
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Can the mathematical formalism of quantum mechanics and, in particular, quantum probability be applied outside of physics? The answer is positive. In this paper, we apply methods of quantum mechanics for mathematical modelling of price dynamics of the financial market. We propose to describe behavioral financial factors (e.g., expectations of traders) by using the pilot wave (Bohmian) model of quantum mechanics. On the one hand, our Bohmian model is a quantum-like model for the financial market, cf. with works of W. Segal, I.E. Segal, E. Haven, E.W. Piotrowski, J. Sladkowski. On the other hand, (since Bohmian mechanics provides for the possibility to describe individual price trajectories) it belongs to the domain of extended research on deterministic dynamics for financial assets. Our model emphasizes the complexity of the financial market: the traditional description of price dynamics is completed by Schrodinger's dynamics for the pilot wave of expectations of traders. This is a kind of socio-economic model for the financial market.