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- 000 02215cam a2200349 i 4500
- 008 180108s2018 enka b 001 0 eng
- 020 __ |a 9781108423151 (hardback : alk. paper)
- 040 __ |a DLC |b eng |c DLC |e rda |d SCT
- 050 00 |a HB135 |b .B28 2018
- 082 00 |a 330.01/530143 |2 23
- 099 __ |a CAL 022018109300
- 100 1_ |a Baaquie, B. E., |e author.
- 245 10 |a Quantum field theory for economics and finance / |c Belal Ehsan Baaquie, The International Centre for Education in Islamic Finance.
- 264 _1 |a Cambridge, United Kingdom ; |a New York, NY : |b Cambridge University Press, |c 2018.
- 300 __ |a xxvi, 690 pages : |b illustrations ; |c 26 cm.
- 336 __ |a text |b txt |2 rdacontent
- 337 __ |a unmediated |b n |2 rdamedia
- 338 __ |a volume |b nc |2 rdacarrier
- 504 __ |a Includes bibliographical references (pages 680-685) and index.
- 520 __ |a An introduction to how the mathematical tools from quantum field theory can be applied to economics and finance, providing a wide range of quantum mathematical techniques for designing financial instruments. The ideas of Lagrangians, Hamiltonians, state spaces, operators and Feynman path integrals are demonstrated to be the mathematical underpinning of quantum field theory, and which are employed to formulate a comprehensive mathematical theory of asset pricing as well as of interest rates, which are validated by empirical evidence. Numerical algorithms and simulations are applied to the study of asset pricing models as well as of nonlinear interest rates. A range of economic and financial topics are shown to have quantum mechanical formulations, including options, coupon bonds, nonlinear interest rates, risky bonds and the microeconomic action functional. This is an invaluable resource for experts in quantitative finance and in mathematics who have no specialist knowledge of quantum field theory.
- 650 _0 |a Economics |x Mathematical models.
- 650 _0 |a Finance |x Mathematical models.
- 650 _0 |a Quantum field theory.
- 921 __ |a CASHL |b CEPIEC |c 9781108423151
- 950 __ |a SCNU |f F83/B111