Ubiquitous Quantum Structure: From Psychology to Finance

Ubiquitous Quantum Structure: From Psychology to Finance

2009

Hardback (12 Feb 2010)

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Publisher's Synopsis

Quantum-like structure is present practically everywhere. Quantum-like (QL) models, i.e. models based on the mathematical formalism of quantum mechanics and its generalizations can be successfully applied to cognitive science, psychology, genetics, economics, finances, and game theory.

This book is not about quantum mechanics as a physical theory. The short review of quantum postulates is therefore mainly of historical value: quantum mechanics is just the first example of the successful application of non-Kolmogorov probabilities, the first step towards a contextual probabilistic description of natural, biological, psychological, social, economical or financial phenomena. A general contextual probabilistic model (Växjö model) is presented. It can be used for describing probabilities in both quantum and classical (statistical) mechanics as well as in the above mentioned phenomena. This model can be represented in a quantum-like way, namely, in complex and more general Hilbert spaces. In this way quantum probability is totally demystified: Born's representation of quantum probabilities by complex probability amplitudes, wave functions, is simply a special representation of this type.

Book information

ISBN: 9783642051005
Publisher: Springer Berlin Heidelberg
Imprint: Springer
Pub date:
Edition: 2009
DEWEY: 530.12
DEWEY edition: 22
Language: English
Number of pages: 216
Weight: 576g
Height: 241mm
Width: 162mm
Spine width: 20mm