Quantum-like microeconomics: Statistical model of distribution of investments and production

Andrei Khrennikov

Physica A: Statistical Mechanics and its Applications, 2008, vol. 387, issue 23, 5826-5843

Abstract: In this paper we demonstrate that the probabilistic quantum-like (QL) behavior–the Born’s rule, interference of probabilities, violation of Bell’s inequality, representation of variables by in general noncommutative self-adjoint operators, Schrödinger’s dynamics–can be exhibited not only by processes in the micro world, but also in economics. In our approach the QL-behavior is induced not by properties of systems. Here systems (commodities) are macroscopic. They could not be superpositions of two different states. In our approach the QL-behavior of economical statistics is a consequence of the organization of the process of production as well as investments. In particular, Hamiltonian (“financial energy”) is determined by rate of return.

Keywords: Probability; Quantum-like behavior; The Born’s rule; Interference of probabilities; Violation of Bell’s inequality; Representation of variables by in general noncommutative self-adjoint operators; Schrödinger’s dynamics; Microeconomics; Production; Investments; Rate of return; Financial energy (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:387:y:2008:i:23:p:5826-5843

DOI: 10.1016/j.physa.2008.06.037

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