Quantum Field Theory for Economics and Finance

An introduction to how the mathematical tools from quantum field theory can be applied to economics and finance

List of contents

Foreword; Preface; Acknowledgements; 1. Synopsis; Part I. Introduction: 2. Quantum mechanics; 3. Classical field theory; 4. Acceleration action; 5. Option theory; 6. Path integral of asset prices; Part II. Linear Quantum Fields: 7. Scalar quantum field; 8. Dirac spinor field; 9. Photon gauge field; 10. Forward interest rates' quantum field; 11. Risky interest rates' quantum fields; 12. Bonds: index-linked stochastic coupons; Part III. Nonlinear Quantum Fields: 13. Operator expectation and S matrix; 14. Nonlinear scalar field: Feynman diagrams; 15. Renormalization; 16. ß-function; fixed points; 17. Renormalization group and phase transitions; 18. Effective action; 19. Nonlinear interest rates' quantum field; 20. Simulation of nonlinear interest rates; 21. Interest rates range accrual swap; Part IV. 2D Quantum Fields: 22. Two dimensional quantum electrodynamics; 23. Bosonic string theory; 24. Futures asset prices; 25. Epilogue; References; Index.

About the author

Belal Ehsan Baaquie is a Professor at The International Centre for Education in Islamic Finance. He received his training in theoretical physics at the California Institute of Technology and Cornell University, New York, specializing in quantum field theory. He later developed an interest in finance and economics, and started applying quantum mathematics to these fields. He has written two books on quantum finance: Quantum Finance (Cambridge, 2007) and Interest Rates and Coupon Bonds in Quantum Finance (Cambridge, 2009) in addition to several other books focusing on topics from quantum mechanics and mathematics to books on the leading ideas in science.

Product details

• Authors: Belal Ehsan Baaquie, BAAQUIE BELAL EHSAN
• Publisher: Cambridge University Press ELT
• Languages: English
• Product format: Hardback
• Released: 31.08.2018
• EAN: 9781108423151
• ISBN: 978-1-108-42315-1
• No. of pages: 714
• Subjects: Natural sciences, medicine, IT, technology > Physics, astronomy > Theoretical physics; Social sciences, law, business > Business > General, dictionaries; Statistik, Quantenphysik, Quantenphysik (Quantenmechanik und Quantenfeldtheorie), Mathematische Physik, Ökonometrie, Statistische Physik, Physik / Mathematik, Wirtschaftsstatistik, Statistik / Wirtschaftsstatistik, Physik / Quantenphysik, SCIENCE / Physics / Mathematical & Computational, Economic statistics, Quantum physics (quantum mechanics & quantum field theory), Quantum physics (quantum mechanics and quantum field theory), Statistical physics, Econometrics and economic statistics