Quantum Finance and Economics
- [Sydney Harbor Bridge and Opera House, Sydney, Australia - Photologic]
- Overview
Quantum finance is a scientific field that uses quantum physics and economics to solve financial problems. It's a branch of econophysics that uses quantum probability, quantum computing, and other related areas to model economics and finance.
Quantum finance theory suggests that financial markets have properties of quantum entities, similar to quantum systems.
Please refer to the following for more information:
- Wikipedia: Quantum Finance
- Applications of Quantum Finance
Quantum finance is an interdisciplinary research field, applying theories and methods developed by quantum physicists and economists in order to solve problems in finance. It is a branch of econophysics. Today several financial applications like fraud detection, portfolio optimization, product recommendation and stock price prediction are being explored using quantum computing.
Here are some things quantum finance can do:
- Develop algorithms: Quantum finance creates new algorithms to solve non-linear financial problems.
- Study financial markets: Quantum finance uses quantum theory to study the behavior of financial markets and stock exchanges.
- Improve financial applications: Quantum computing is used to explore financial applications like fraud detection, portfolio optimization, and stock price prediction.
- Enhance pattern recognition: Quantum computing can help financial institutions detect financial crimes more quickly and confidently.
