Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/194872 
Authors: 
Year of Publication: 
2019
Series/Report no.: 
Economics Discussion Papers No. 2019-20
Publisher: 
Kiel Institute for the World Economy (IfW), Kiel
Abstract: 
The current paper explores the cutting-edge applications of quantum field theory and quantum information theory modelling in different areas of economic science, namely, in the behavioural modelling of agents under market uncertainty, and mathematical modelling of asset or option prices and firm theory. The paper then provides a brief discussion into a possible extension of the extant literature of quantum-like modelling based on scattering theory and statistical field theory. A statistical theory of firm based on Feynman path integral technique is also proposed very recently. The collage of new initiatives as described in the current paper will hopefully ignite still newer ideas.
Subjects: 
quantum like modelling
contextuality
QFT (quantum field theory)
self-adjoint operators
uncertainty
epistemic
ontic
JEL: 
C00
C02
C18
D40
D80
G12
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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