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Beschreibung
A new paradigm based on quantum probability that can model stock markets and price options—and also upends classical quantitative finance.

In The Quantum Stock Market, David Orrell combines theory and new empirical findings to argue for a new approach to finance based on quantum probability. The main finding, a property called q-variance, may be unique in finance in that it was discovered as the result of a prediction, affects financial markets in general, has no tunable parameter, and has important consequences for a range of topics including the pricing of financial options. The property, which somehow eluded detection for over a century, has been verified by experts in the field. And the fact that it is incompatible with classical finance—which is perhaps why it went undetected—suggests that the field must be reinvented.

Orrell argues for nothing less than a paradigm shift in finance. As with any new work that challenges existing methods the ideas have already received pushback, from leaders in the field of finance to physicists skeptical of applying quantum probability outside its traditional domain. Written in an interdisciplinary style that mixes mathematical equations, data analysis, and informed comments on the field of finance, The Quantum Stock Market should be read by anyone who wants to be on the right side of a paradigm shift.
A new paradigm based on quantum probability that can model stock markets and price options—and also upends classical quantitative finance.

In The Quantum Stock Market, David Orrell combines theory and new empirical findings to argue for a new approach to finance based on quantum probability. The main finding, a property called q-variance, may be unique in finance in that it was discovered as the result of a prediction, affects financial markets in general, has no tunable parameter, and has important consequences for a range of topics including the pricing of financial options. The property, which somehow eluded detection for over a century, has been verified by experts in the field. And the fact that it is incompatible with classical finance—which is perhaps why it went undetected—suggests that the field must be reinvented.

Orrell argues for nothing less than a paradigm shift in finance. As with any new work that challenges existing methods the ideas have already received pushback, from leaders in the field of finance to physicists skeptical of applying quantum probability outside its traditional domain. Written in an interdisciplinary style that mixes mathematical equations, data analysis, and informed comments on the field of finance, The Quantum Stock Market should be read by anyone who wants to be on the right side of a paradigm shift.
Über den Autor
David Orrell
Inhaltsverzeichnis
Contents
Introduction
1 Anomalies
2 The Propensity to Transact
3 Wave Mechanics
4 The Quantum Spring
5 Imaginary Oscillations
6 Quantum Jumps
7 Option Pricing
8 Extreme Strikes
9 The Fear Gauge
10 Beat the Options Market
11 The Money Bomb
12 Blinded by Science
Bibliography
Index
Details
Erscheinungsjahr: 2026
Genre: Importe, Informatik
Rubrik: Naturwissenschaften & Technik
Medium: Taschenbuch
Inhalt: Einband - flex.(Paperback)
ISBN-13: 9780262055987
ISBN-10: 0262055988
Sprache: Englisch
Einband: Kartoniert / Broschiert
Autor: Orrell, David
Hersteller: MIT Press Ltd
Verantwortliche Person für die EU: Libri GmbH, Europaallee 1, D-36244 Bad Hersfeld, gpsr@libri.de
Maße: 228 x 153 x 17 mm
Von/Mit: David Orrell
Erscheinungsdatum: 13.10.2026
Gewicht: 0,248 kg
Artikel-ID: 136498390

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