کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
4620731 1339469 2008 9 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Quantum model for the price dynamics: The problem of smoothness of trajectories
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات آنالیز ریاضی
پیش نمایش صفحه اول مقاله
Quantum model for the price dynamics: The problem of smoothness of trajectories
چکیده انگلیسی

We apply methods of quantum mechanics to mathematical modelling of price dynamics in a financial market. We propose to describe behavioral financial factors (e.g., expectations of traders) by using the pilot wave (Bohmian) model of quantum mechanics. Our model is a quantum-like model of the financial market, cf. with works of W. Segal, I.E. Segal, E. Haven. In this paper we study the problem of smoothness of price-trajectories in the Bohmian financial model. We show that even the smooth evolution of the financial pilot wave ψ(t,x) (representing expectations of traders) can induce jumps of prices of shares.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Mathematical Analysis and Applications - Volume 346, Issue 1, 1 October 2008, Pages 296-304