Read e-book online Quantum Finance: Path Integrals and Hamiltonians for Options PDF

By Belal E. Baaquie

This e-book applies the maths and ideas of quantum mechanics and quantum box conception to the modelling of rates of interest and the speculation of innovations. specific emphasis is put on course integrals and Hamiltonians. monetary arithmetic is ruled by means of stochastic calculus. the current booklet deals a formula that's thoroughly autonomous of that method. As such many effects emerge from the guidelines built via the writer. This paintings could be of curiosity to physicists and mathematicians operating within the box of finance, to quantitative analysts in banks and finance corporations and to practitioners within the box of mounted source of revenue securities and foreign currency echange. The booklet is also used as a graduate textual content for classes in monetary physics and fiscal mathematics.

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Quantum Finance: Path Integrals and Hamiltonians for Options and Interest Rates by Belal E. Baaquie


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