John von Neumann between Physics and Economics: A methodological note

Luca Lambertini ()

Review of Economic Analysis, 2013, vol. 5, issue 2, 177-189

Abstract: A methodological discussion is proposed, aiming at illustrating an analogy between game theory in particular (and mathematical economics in general) and quantum mechanics. This analogy relies on the equivalence of the two fundamental operators employed in the two fields, namely, the expected value in economics and the density matrix in quantum physics. I conjecture that this coincidence can be traced back to the contributions of von Neumann in both disciplines.

Keywords: expected value; density matrix; uncertainty; quantum games (search for similar items in EconPapers)
JEL-codes: B25 B41 C70 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://rofea.org/index.php?journal=journal&page=ar ... D=139&path%5B%5D=111 (application/pdf)

Related works:
Working Paper: John von Neumann between Physics and Economics: A Methodological Note (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ren:journl:v:5:y:2013:i:2:p:177-189

Access Statistics for this article

Review of Economic Analysis is currently edited by Dr. Jerzy (Jurek) Konieczny

More articles in Review of Economic Analysis from Digital Initiatives at the University of Waterloo Library
Bibliographic data for series maintained by Dr. Jerzy (Jurek) Konieczny ().