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The Quantum Stock Market And the Road Not Taken in Finance
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Form:Einzelkauf Download
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Sprache:Englisch
46,30 €
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Beschreibung
Produktdetails
Format
ePUB
Kopierschutz
Ja
Family Sharing
Ja
Text-to-Speech
Ja
Erscheinungsdatum
13.10.2026
Verlag
MIT PressSeitenzahl
192 (Printausgabe)
Sprache
Englisch
EAN
9780262056007
A new paradigm based on quantum probability that can model stock markets and price options-and also upends classical quantitative finance.
In The Quantum Stock Market, David Orrell combines theory and new empirical findings to argue for a new approach to finance based on quantum probability. The main finding, a property called q-variance, may be unique in finance in that it was discovered as the result of a prediction, affects financial markets in general, has no tunable parameter, and has important consequences for a range of topics including the pricing of financial options. The property, which somehow eluded detection for over a century, has been verified by experts in the field. And the fact that it is incompatible with classical finance-which is perhaps why it went undetected-suggests that the field must be reinvented.
Orrell argues for nothing less than a paradigm shift in finance. As with any new work that challenges existing methods the ideas have already received pushback, from leaders in the field of finance to physicists skeptical of applying quantum probability outside its traditional domain. Written in an interdisciplinary style that mixes mathematical equations, data analysis, and informed comments on the field of finance, The Quantum Stock Market should be read by anyone who wants to be on the right side of a paradigm shift.
In The Quantum Stock Market, David Orrell combines theory and new empirical findings to argue for a new approach to finance based on quantum probability. The main finding, a property called q-variance, may be unique in finance in that it was discovered as the result of a prediction, affects financial markets in general, has no tunable parameter, and has important consequences for a range of topics including the pricing of financial options. The property, which somehow eluded detection for over a century, has been verified by experts in the field. And the fact that it is incompatible with classical finance-which is perhaps why it went undetected-suggests that the field must be reinvented.
Orrell argues for nothing less than a paradigm shift in finance. As with any new work that challenges existing methods the ideas have already received pushback, from leaders in the field of finance to physicists skeptical of applying quantum probability outside its traditional domain. Written in an interdisciplinary style that mixes mathematical equations, data analysis, and informed comments on the field of finance, The Quantum Stock Market should be read by anyone who wants to be on the right side of a paradigm shift.
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