Quantum Modelling of Economic and Financial Systems: Selected Topics highlights new modelling techniques using formalisms from quantum mechanics.

Quantum Modelling of Economic and Financial Systems is a monograph authored by Drs. Vikram Athalye and Emmanuel Haven. Dr. Haven is the Dr. Alex Faseruk Chair in financial management at the Faculty of Business Administration and co-director of the Centre for Quantum Social and Cognitive Science, a research unit located within the faculty.

Quantum-like vs. quantum physics-like

The book is divided in three parts covering 12 chapters.

Part one provides background on some basic ideas from classical/quantum physics and economics.

Parts two and three highlight the main differences between so-called quantum-like applications (part two) and quantum physics-like modelling in social science (part three).

Although quantum-like applications in areas outside of quantum physics have made sizable contributions — most notably in augmenting the formalism of decision-making — part three highlights how the physics of quantum mechanics proper could be directly mapped onto social science problem settings.

In essence, Quantum Modelling of Economic and Financial Systems: Selected Topics shows that although previous works emphasize using the formalism of quantum mechanics, employing quantum physics directly can also lead to a promise of augmented modelling in social science.

Each of the chapters in the book is self-contained.

Publisher

Quantum Modelling of Economic and Financial Systems is published by  Cambridge University Press.

The book is now available at the Cambridge University Press website and other book sellers, including the bookstore at MIT Press.