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Quantum Field Theory for Economics and Finance

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Title: Quantum Field Theory for Economics and Finance
Description: An introduction to how the mathematical tools from quantum field theory can be applied to economics and finance, providing a wide range of quantum mathematical techniques for designing financial instruments. The ideas of Lagrangians, Hamiltonians, state spaces, operators and Feynman path integrals are demonstrated to be the mathematical underpinning of quantum field theory, and which are employed to formulate a comprehensive mathematical theory of asset pricing as well as of interest rates, which are validated by empirical evidence. Numerical algorithms and simulations are applied to the study of asset pricing models as well as of nonlinear interest rates. A range of economic and financial topics are shown to have quantum mechanical formulations, including options, coupon bonds, nonlinear interest rates, risky bonds and the microeconomic action functional. This is an invaluable resource for experts in quantitative finance and in mathematics who have no specialist knowledge of quantum field theory.
Authors: Belal Ehsan Baaquie
Resource Type: eBook.
Subjects: Quantum field theory, Economics--Mathematical models, Finance--Mathematical models
Categories: SCIENCE / Physics / Mathematical & Computational
Database: eBook Collection (EBSCOhost)
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  – Type: ebook-pdf
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  Availability: 0
Header DbId: nlebk
DbLabel: eBook Collection (EBSCOhost)
An: 1843271
RelevancyScore: 1084
AccessLevel: 6
PubType: eBook
PubTypeId: ebook
PreciseRelevancyScore: 1083.55249023438
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  Label: Title
  Group: Ti
  Data: Quantum Field Theory for Economics and Finance
– Name: Abstract
  Label: Description
  Group: Ab
  Data: An introduction to how the mathematical tools from quantum field theory can be applied to economics and finance, providing a wide range of quantum mathematical techniques for designing financial instruments. The ideas of Lagrangians, Hamiltonians, state spaces, operators and Feynman path integrals are demonstrated to be the mathematical underpinning of quantum field theory, and which are employed to formulate a comprehensive mathematical theory of asset pricing as well as of interest rates, which are validated by empirical evidence. Numerical algorithms and simulations are applied to the study of asset pricing models as well as of nonlinear interest rates. A range of economic and financial topics are shown to have quantum mechanical formulations, including options, coupon bonds, nonlinear interest rates, risky bonds and the microeconomic action functional. This is an invaluable resource for experts in quantitative finance and in mathematics who have no specialist knowledge of quantum field theory.
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  Data: <searchLink fieldCode="AR" term="%22Belal+Ehsan+Baaquie%22">Belal Ehsan Baaquie</searchLink>
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  Data: <searchLink fieldCode="DE" term="%22Quantum+field+theory%22">Quantum field theory</searchLink><br /><searchLink fieldCode="DE" term="%22Economics--Mathematical+models%22">Economics--Mathematical models</searchLink><br /><searchLink fieldCode="DE" term="%22Finance--Mathematical+models%22">Finance--Mathematical models</searchLink>
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RecordInfo BibRecord:
  BibEntity:
    Classifications:
      – Code: 330.01530143
        Scheme: ddc
        Type: prePub
    Languages:
      – Code: eng
        Text: English
    Subjects:
      – SubjectFull: Quantum field theory
        Type: general
      – SubjectFull: Economics--Mathematical models
        Type: general
      – SubjectFull: Finance--Mathematical models
        Type: general
    Titles:
      – TitleFull: Quantum Field Theory for Economics and Finance
        Type: main
  BibRelationships:
    HasContributorRelationships:
      – PersonEntity:
          Name:
            NameFull: Belal Ehsan Baaquie
      – PersonEntity:
          Name:
            NameFull: Belal Ehsan Baaquie
    IsPartOfRelationships:
      – BibEntity:
          Dates:
            – D: 01
              M: 01
              Type: published
              Y: 2018
            – D: 31
              M: 08
              Type: profile
              Y: 2018
          Identifiers:
            – Type: isbn-print
              Value: 9781108423151
            – Type: isbn-electronic
              Value: 9781108503747
          Titles:
            – TitleFull: Quantum Field Theory for Economics and Finance
              Type: main
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