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An Introductory Note to Quantum Modeling in Finance,

Research output: Contribution to journalArticle

Abstract

This  paper  introduces  the  basic  construct  of  quantum  mechanics  to  financial researchers  by  applying ittoa  modeling  of  thestock  prices.  We  present  the  meanings  of  the wavefunction,   the   Hamiltonian   operator   and   the Schrödinger'sequation in   common mathematical terms, with an illustration of how the ever-presentbinary random variable can be connectedto the spin operator in physics.
Original languageEnglish
Pages (from-to)16-20
JournalEuropean Journal of Applied Physics
Volume5
Issue number5
StatePublished - 2023

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