asymmetric information and quantization in financial economics
;Raymond J. Hawkins;B. Roy Frieden
structural engineering and mechanics2012Vol. 2012pp. -
134
hawkins2012internationalasymmetric
Abstract
We show how a quantum formulation of financial economics can be derived from asymmetries with respect to Fisher information. Our approach leverages statistical derivations of quantum mechanics which provide a natural basis for interpreting quantum formulations of social sciences generally and of economics in particular. We illustrate the utility of this approach by deriving arbitrage-free derivative-security dynamics.