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Quantum Field Theory for Economics and Finance.

Quantum Field Theory for Economics and Finance. 経済学と金融のための場の量子理論

・ISBN 978-1-108-42315-1 hard GB£ 186.00

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電子版あり 大学・学術機関向け電子ブック(eBook)ISBN 978-1-108-39968-5

著者・編者Baaquie, Belal Ehsan,
出版社(Cambridge U. Pr., UK)
出版年月2018
ページ数729 pp.
言語ENG
ニュース番号<645-501 645-P1053>

解説

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.