An operatorial approach to stock markets

DOI10.1088/0305-4470/39/22/001MaRDI QIDQ5478453zbMATH OpenOpenAlexFDO

Authors Fabio Bagarello

Publication date 13 July 2006

Published in Journal of Physics A: Mathematical and General (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/0904.0896

Mathematics Subject Classification ID

Foundations, quantum information and its processing, quantum axioms, and philosophy (81P99) Financial applications of other theories (91G80)

Abstract: We propose and discuss some toy models of stock markets using the same operatorial approach adopted in quantum mechanics. Our models are suggested by the discrete nature of the number of shares and of the cash which are exchanged in a real market, and by the existence of conserved quantities, like the total number of shares or some linear combination of cash and shares. The same framework as the one used in the description of a gas of interacting bosons is adopted.

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Cited in

(19)

• Matrix computations for the dynamics of fermionic systems
• Noncommutative valuation of options
• The role of information in a two-traders market
• Population dynamics based on ladder bosonic operators
• The conjunction fallacy and interference effects
• \((H, \rho)\)-induced dynamics and large time behaviors
• Simplified stock markets described by number operators
• A phenomenological operator description of interactions between populations with applications to migration
• A toy model of financial markets
• Asset trading under non-classical ambiguity and heterogeneous beliefs
• Solving quantum stochastic LQR optimal control problem in Fock space and its application in finance
• Few simple rules to fix the dynamics of classical systems using operators
• Modeling stock markets through bosonic operators
• Generalized Hamiltonian for a two-mode fermionic model and asymptotic equilibria
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• A quantum model of supply and demand
• How to control stock markets
• Heisenberg picture in the description of simplified stock markets
• STOCK MARKETS AND THE OPERATOR NUMBER REPRESENTATION

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