Opinion
Quantum tilt in economics
Author(s): Lufar Almos*
The necessity to build a consistent quantum mathematical foundation for economics motivates this study, which outlines an approach to economics that is inspired by quantum computing. The traditional neoclassical theory believes that rational power distribution drive market prices to a stable equilibrium, notwithstanding exogenous disturbances or market failures. A propensity function, which is describes the likelihood of transacting, is used to explain decision-makers instead of a utility function.
demonstrate how a basic quantum circuit may be used to mimic a variety of cognitive processes such as preference reversal and the disjunction effect. In contrast, using an entropic force, a generic propensity function may be quantized to include human decision-making phenomena like interference and entanglement... Read More»
DOI:
10.37532/2752- 8081.22.6.2.8-9
+447723598358
