Download or read book Quantum Economics written by David Orrell and published by Icon Books. This book was released on 2018-07-05 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: A decade after the financial crisis, there is a growing consensus that economics has failed and needs to go back to the drawing board. David Orrell argues that it has been trying to solve the wrong problem all along. Economics sees itself as the science of scarcity. Instead, it should be the science of money (which plays a surprisingly small role in mainstream theory). And money is a substance that turns out to have a quantum nature of its own. Just as physicists learn about matter by studying the exchange of particles at the subatomic level, so economics should begin by analysing the nature of money-based transactions. Quantum Economics therefore starts with the meaning of the phrase 'how much' – or, to use the Latin word, quantum. From quantum physics to the dualistic properties of money, via the emerging areas of quantum finance and quantum cognition, this profoundly important book reveals that quantum economics is to neoclassical economics what quantum physics is to classical physics – a genuine turning point in our understanding.
Download or read book Quantum Field Theory for Economics and Finance written by B. E. Baaquie and published by Cambridge University Press. This book was released on 2018-08-23 with total page 717 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an introduction to how the mathematical tools from quantum field theory can be applied to economics and finance. Providing a range of quantum mathematical techniques for designing financial instruments, it demonstrates how a range of topics have quantum mechanical formulations, from asset pricing to interest rates.
Download or read book Quantum Economics and Finance written by David Orrell and published by . This book was released on 2021-05-16 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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, 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 second edition contains many updates including new material on quantum logic and quantum agent-based models, and a guest chapter from Ramy Aboushelbaya and Marko Mayr of Quantum Dice on quantum hardware. David Orrell is an applied mathematician with extensive experience in mathematical modelling, and the author of a dozen books on science and economics.
Download or read book Quantum Macroeconomics written by Jean-Luc Bailly and published by Taylor & Francis. This book was released on 2016-10-04 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quantum Macroeconomics presents a new paradigm in macroeconomic analysis initiated by Bernard Schmitt. It explains the historical origin, the analytical contents, and the actual relevance of this new paradigm, with respect to current major economic issues at national and international level. These issues concern both advanced and emerging market economies, referring to inflation, unemployment, financial instability, and economic crises. In the first part of this volume, leading scholars explain the historical origin and analytical content of quantum macroeconomics. The second part explores its relevance with respect to the current major economic issues such as the sovereign debt crisis and European monetary union. The volume also features two previously unpublished papers by Bernard Schmitt. The main findings of this book concern the need to go beyond agents’ behaviour to understand the structural origin of a variety of macroeconomic problems, notably, inflation, unemployment, financial instability, and economic crises. The originality that pervades all contributions is plain, when one considers the lack of any structural explanation of national and international economic disorders in the literature within the mainstream approach to economics. This edited volume is of great interest to those who study macroeconomics, monetary economics and money and banking.
Download or read book Money Magic and How to Dismantle a Financial Bomb written by David Orrell and published by Icon Books. This book was released on 2022-02-10 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Money has many apparently magical properties. It can be created out of the void - and vanish without so much as a puff of smoke. It can flash through space. It can grow without limit. And it can blow up without warning. David Orrell argues that the emerging discipline of quantum economics, of which he is at the forefront, is the key to shattering the illusions that prevent us from understanding money's true nature. In this colourful tour of the history, philosophy and mathematics of money, Orrell demonstrates how everything makes much more sense when we replace our classical economic models with ones based on quantum probability - and reveals the explosive reality of what is left once the illusions are stripped away.
Download or read book Microcosm written by George Gilder and published by Simon and Schuster. This book was released on 1990-07-15 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Simon & Schuster, Microcosm is the provocative national bestseller by the author of Wealth and Poverty. George Gilder's Microcosm is the crystal ball of the next technological era. Leading scientists, engineers, and entrepreneurs provide vivid accounts of the latest inventions, revealing how the new international balance of power really lies in information technology.
Download or read book Mathematical Methods and Quantum Mathematics for Economics and Finance written by Belal Ehsan Baaquie and published by Springer Nature. This book was released on 2020-08-10 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given the rapid pace of development in economics and finance, a concise and up-to-date introduction to mathematical methods has become a prerequisite for all graduate students, even those not specializing in quantitative finance. This book offers an introductory text on mathematical methods for graduate students of economics and finance–and leading to the more advanced subject of quantum mathematics. The content is divided into five major sections: mathematical methods are covered in the first four sections, and can be taught in one semester. The book begins by focusing on the core subjects of linear algebra and calculus, before moving on to the more advanced topics of probability theory and stochastic calculus. Detailed derivations of the Black-Scholes and Merton equations are provided – in order to clarify the mathematical underpinnings of stochastic calculus. Each chapter of the first four sections includes a problem set, chiefly drawn from economics and finance. In turn, section five addresses quantum mathematics. The mathematical topics covered in the first four sections are sufficient for the study of quantum mathematics; Black-Scholes option theory and Merton’s theory of corporate debt are among topics analyzed using quantum mathematics.
Download or read book Quantum Finance written by Belal E. Baaquie and published by Cambridge University Press. This book was released on 2007-07-23 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book applies the mathematics and concepts of quantum mechanics and quantum field theory to the modelling of interest rates and the theory of options. Particular emphasis is placed on path integrals and Hamiltonians. Financial mathematics is dominated by stochastic calculus. The present book offers a formulation that is completely independent of that approach. As such many results emerge from the ideas developed by the author. This work will be of interest to physicists and mathematicians working in the field of finance, to quantitative analysts in banks and finance firms and to practitioners in the field of fixed income securities and foreign exchange. The book can also be used as a graduate text for courses in financial physics and financial mathematics.
Download or read book Quantum Social Science written by Emmanuel Haven and published by Cambridge University Press. This book was released on 2013-01-17 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by world experts in the foundations of quantum mechanics and its applications to social science, this book shows how elementary quantum mechanical principles can be applied to decision-making paradoxes in psychology and used in modelling information in finance and economics. The book starts with a thorough overview of some of the salient differences between classical, statistical and quantum mechanics. It presents arguments on why quantum mechanics can be applied outside of physics and defines quantum social science. The issue of the existence of quantum probabilistic effects in psychology, economics and finance is addressed and basic questions and answers are provided. Aimed at researchers in economics and psychology, as well as physics, basic mathematical preliminaries and elementary concepts from quantum mechanics are defined in a self-contained way.
Download or read book Quantum Economics written by Amit Goswami and published by Rainbow Ridge. This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In view of the recent meltdown of the economy that gave rise to the great recession, it is pretty obvious that the current economic systems are not working. But economists have a clue about which way to go about modifying the existing models. The two political parties of America are bogged down into a locked-horn position between two existing and decidedly ineffective economic modalities: choosing solely from either the demand side or the supply side model for government intervention to get us out of recession. Quantum Economics is written for both the businessperson and the consumer, in other words, everyone. It touches upon important issues like creativity and ethics in business. It takes you into the already feasible twenty-first century technologies of vital energy. It informs the reader that the time has come to look for jobs that bring meaning and value into their personal lives. It gives quantum hints for new business leadership: a viable science of manifestation, how to revitalize the business arena, how to transform the energy of money, how to deal with globalization and keep the free market free, how to achieve an economy of sustainability and prevent economic meltdowns, and how to eliminate, once and for all, poverty and hunger.
Download or read book Behavioural Economics written by David Orrell and published by Icon Books. This book was released on 2021-01-07 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: The controversial science that claims to have revolutionised economics. For centuries, economics was dominated by the idea that we are rational individuals who optimise our own 'utility'. Then, in the 1970s, psychologists demonstrated that the reality is a lot messier. We don't really know what our utility is, and we care about people other than ourselves. We are susceptible to external nudges. And far from being perfectly rational we are prone to 'cognitive biases' with complex effects on decision-making, such as forgetting to prepare for retirement. David Orrell explores the findings from psychology and neuroscience that are shaking up economics - and that are being exploited by policy-makers and marketers alike, to shape everything from how we shop for food, to how we tackle societal happiness or climate change. Finally, he asks: is behavioural economics a scientific revolution, or just a scientific form of marketing?
Download or read book A Preface to Democratic Theory written by Robert A. Dahl and published by University of Chicago Press. This book was released on 1956 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Robert Dahl's Preface helped launch democratic theory fifty years ago as a new area of study in political science, and it remains the standard introduction to the field. Exploring problems that had been left unsolved by traditional thought on democracy, Dahl here examines two influential models--the Madisonian, which represents prevailing American doctrine, and its recurring challenger, populist theory--arguing that they do not accurately portray how modern democracies operate. He then constructs a model more consistent with how contemporary democracies actually function, and, in doing so, develops some original views of popular sovereignty and the American constitutional system.
Download or read book The Quantum Economy written by Anders Indset and published by Ullstein Buchverlage. This book was released on 2020-11-02 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Old Economy is dead. So is the New Economy Algorithms are increasingly becoming authorities and competing directly with humans. Recommendation engines have long taken control of our lives. We are threatened by a final narcissistic injury, and we are alienated by the fatal information society that we live in. But humans are still the 'gluons' that connect our perceived reality – the environment, society, and the economy – with our inner world: what it means to be a human being, a Mensch. If we want to ensure that the machines continue to serve us after the digital tsunami, then now is the time to leverage the full power of our reason to build a humanistic society. "A must-read for anyone who does not just want to see the future, but wants to be an active part of it." Marshall Goldsmith, Two-time Thinkers 50 #1 Leadership Thinker "Anders Indset's thought-provoking new book is a must-read, and one I wish I had read prior to the outbreak of the pandemic." Dorie Clark, author of "Reinventing You" and Member of Executive Education Faculty Duke University Fuqua School of Business. "The Quantum Economy is a highly timely and truly relevant book. This new world – with Covid-19 and all the panic following it – begs us all to redefine how we live and how we do business. A must read for anyone in search for meaning in how to run businesses." Martin Lindstrom, New York Times best-selling author of Small Data and Buyology "The quantum economy opens up new perspectives on the economy of today and tomorrow - and on how our economy affects society. An inspirational reading that stimulates discussion and leaves a lasting impression." Yves Pigneur, Professor of Management Information Systems, University of Lausanne
Download or read book Ubiquitous Quantum Structure written by Andrei Y. Khrennikov and published by Springer Science & Business Media. This book was released on 2010-01-23 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quantum-like structure is present practically everywhere. Quantum-like (QL) models, i.e. models based on the mathematical formalism of quantum mechanics and its generalizations can be successfully applied to cognitive science, psychology, genetics, economics, finances, and game theory. This book is not about quantum mechanics as a physical theory. The short review of quantum postulates is therefore mainly of historical value: quantum mechanics is just the first example of the successful application of non-Kolmogorov probabilities, the first step towards a contextual probabilistic description of natural, biological, psychological, social, economical or financial phenomena. A general contextual probabilistic model (Växjö model) is presented. It can be used for describing probabilities in both quantum and classical (statistical) mechanics as well as in the above mentioned phenomena. This model can be represented in a quantum-like way, namely, in complex and more general Hilbert spaces. In this way quantum probability is totally demystified: Born's representation of quantum probabilities by complex probability amplitudes, wave functions, is simply a special representation of this type.
Download or read book Introducing Quantum Theory written by J.P. McEvoy and published by Icon Books Ltd. This book was released on 2014-06-05 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quantum theory confronts us with bizarre paradoxes which contradict the logic of classical physics. At the subatomic level, one particle seems to know what the others are doing, and according to Heisenberg's "uncertainty principle", there is a limit on how accurately nature can be observed. And yet the theory is amazingly accurate and widely applied, explaining all of chemistry and most of physics. Introducing Quantum Theory takes us on a step-by-step tour with the key figures, including Planck, Einstein, Bohr, Heisenberg and Schrodinger. Each contributed at least one crucial concept to the theory. The puzzle of the wave-particle duality is here, along with descriptions of the two questions raised against Bohr's "Copenhagen Interpretation" - the famous "dead and alive cat" and the EPR paradox. Both remain unresolved.
Download or read book Introducing Economics written by David Orrell and published by Icon Books Ltd. This book was released on 2014-06-05 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comic-book introduction to economics from David Orrell, the author of Economyths: 11 Ways Economics Gets it Wrong. With illustrations from Borin Van Loon. Part of the internationally-recognised Introducing Graphic Guide series. Today, it seems, all things are measured by economists. The so-called 'dismal science' has never been more popular - or, given its failure to predict or prevent the recent financial crisis, more controversial. But what are the findings of economics? Is it really a science? And how can it help our lives? Introducing Economics traces the history of the subject from the ancient Greeks to the present day. Orrell and Van Loon bring to life the contributions of great economists - such as Adam Smith, Karl Marx, John Maynard Keynes and Milton Friedman - and delve into ideas from new areas such as ecological and complexity economics that are revolutionizing the field.
Download or read book Applied Doughnut Economics and Neuroeconomic Psychology for Business and Politics written by Larsen, Torben and published by IGI Global. This book was released on 2021-05-21 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Psychological and ecological research has eroded the foundation of mainstream economics, and a new approach is needed rather than an adaptation of existing theory. The most promising new approach is doughnut economics (DE), version 2.0 of the discipline of economics for the 21st century that presents economics as an embedded discipline between the social foundation and the ecosystem with a focus on the disciplinary boundaries. The study of neuroeconomics, such as doughnut economics, still holds a gap between “laboratory” findings on homo neuroeconomics and the issues in contemporary behavioral economics. To understand a positivist application of doughnut economics within the new economic frameworks of the 21st century, further research must be discussed. Applied Doughnut Economics and Neuroeconomic Psychology for Business and Politics follows the economic history from the Stone Age to that of the modern creative man and then provides a specific focus on doughnut economics and 21st century neuroeconomics. This new type of behavioral economics will be linked to neuroeconomic psychology and behavioral science with a focus in areas such as cognitive training, economic ecology, the new welfare economy, and globalized markets. This book is ideal for health economists, economists, leaders in politics and business, psychologists, economic theorists, practitioners, researchers, academicians, and students interested in doughnut economics and the psychology behind it.
