eBook - PDF

Quantum Field Theory for Economics and Finance

Name: Quantum Field Theory for Economics and Finance
ISBN: 9781108503747

Belal Ehsan Baaquie,

English
PDF
Available on iOS & Android

eBook - PDF

Quantum Field Theory for Economics and Finance

Belal Ehsan Baaquie,

About this book

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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Yes, you can access Quantum Field Theory for Economics and Finance by Belal Ehsan Baaquie in PDF and/or ePUB format, as well as other popular books in Physical Sciences & Mathematical & Computational Physics. We have over one million books available in our catalogue for you to explore.