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QEF08 - Quantizing Propensity

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Mar 2, 2021
8:03

A basic difference between quantum economics and its classical counterpart is that it deals not with utility curves, but with probabilistic propensity curves. The propensity curve for a buyer or seller is associated with an entropic force, which can be quantized to give the quantum dynamics for financial transactions. References: Orrell D (2020) A quantum model of supply and demand. Physica A 539: 122928. Orrell D, Houshmand M (2022) Quantum propensity in economics. Frontiers in Artificial Intelligence 4.

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QEF08 - Quantizing Propensity | NatokHD