Emergent quantum mechanics of finances

Vadim A. Nastasiuk

Physica A: Statistical Mechanics and its Applications, 2014, vol. 403, issue C, 148-154

Abstract: This paper is an attempt at understanding the quantum-like dynamics of financial markets in terms of non-differentiable price–time continuum having fractal properties. The main steps of this development are the statistical scaling, the non-differentiability hypothesis, and the equations of motion entailed by this hypothesis. From perspective of the proposed theory the dynamics of S&P500 index are analyzed.

Keywords: Econophysics; Financial markets; Statistical scaling; Fractals; Schrödinger equation (search for similar items in EconPapers)
Date: 2014
References: View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:403:y:2014:i:c:p:148-154

DOI: 10.1016/j.physa.2014.02.037

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