Quantum Finance

Description

This book applies the mathematics and concepts of quantum mechanics and quantum field theory to the modelling of interest rates and the theory of options. Particular emphasis is placed on path integrals and Hamiltonians. Financial mathematics is currently almost completely dominated by stochastic calculus. The present book is unique in that it offers a formulation that is completely independent of that approach. As such many new results emerge from the ideas developed by the author. This pioneering work will be of interest to physicists and mathematicians working in the field of finance, to quantitative analysts in banks and finance firms and to practitioners in the field of fixed income securities and foreign exchange. The book can also be used as a graduate text for courses in financial physics and financial mathematics.

First Sentence

Two underlying themes run through this book: first, defining and analyzing the subject of quantitative finance in the conceptual and mathematical framework of quantum theory, with special emphasis on its path-integral formulation, and, second, the introduction of the techniques and methodology of quantum field theory in the study of interest rates.

Subjects

Other Editions

• Quantum Finance: Path Integrals and Hamiltonians for Options and Interest RatesPaperbackCambridge University Press2007-07-23
• Quantum FinanceCambridge University Press2000-01-01
• Quantum FinanceCambridge University Press2004-01-01
• Quantum FinanceHardcoverCambridge University Press2004-11-15
• Quantum FinanceeBookCambridge University Press2007-01-01
• Quantum FinanceCambridge University Press2010-01-01