The Black-Scholes Pricing Formula in the Quantum Context
A natural explanation for extreme irregularities in the evolution of prices in financial markets is provided by quantum effects. The lack of simultaneous observability of relevant variables and the interference of attempted observation with the values of these variables represent such effects. These...
| Veröffentlicht in: | Proceedings of the National Academy of Sciences of the United States of America. - National Academy of Sciences of the United States of America. - 95(1998), 7, Seite 4072-4075 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
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1998
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| Zugriff auf das übergeordnete Werk: | Proceedings of the National Academy of Sciences of the United States of America |
| Schlagworte: | Economic Sciences Brownian motion Quantum process Stochastic integration Ito lemma Black-Scholes-Merton theory Mathematics Physical sciences Economics Information science |
| Online verfügbar |
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