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Quantum Modelling of Economic and Financial Systems

Quantum Modelling of Economic and Financial Systems

Quantum Modelling of Economic and Financial Systems

Selected Topics
Authors:
Vikram Athalye, Cummins College of Engineering, Pune, India
Emmanuel Haven, Memorial University of Newfoundland, Canada
Published:
January 2026
Availability:
Available
Format:
Hardback
ISBN:
9781108844666

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$170.00 (F) USD
Hardback
$170.00 (Z) USD
eBook

    This concise and self-contained book opens completely novel areas of research by directly implementing concepts from quantum physics into areas of social science. It constructs compelling arguments originating from fundamental concepts in physics and the philosophy of science, including key developments in economics and finance, then surveys the important work which has been performed to date through applying the formalism of quantum mechanics to decision making and finance. The book is accessible to graduate students and researchers in social science and physics, as well as avid interdisciplinary readers. This title is part of the Flip it Open Programme and may also be available Open Access. Check our website Cambridge Core for details.

    • Creates a new domain of applications where physics can be actively applied to a variety of social science problems
    • Provides for step-by-step construction of arguments, accessible to graduate students and researchers in social science and physics, that demonstrate that the mapping exercise between quantum mechanics and social science is feasible
    • The mapping exercise is carefully explained in the book and can be used in a multiplicity of applications

    Product details

    • Published: January 2026
    • Format: Hardback
    • ISBN: 9781108844666
    • Length: 232 pages
    • Dimensions: 244 × 170 × 14 mm
    • Weight: 0.585kg
    • Availability: Available

    Table of Contents

    • Part I. Introduction and Background:
    • 1. Underpinnings of Interdisciplinary Inquiry
    • 2. Elements of Classical and Quantum Mechanics
    • 3. Elements of Economics
    • 4. Some Selected Financial Models n
    • Part II. Quantum-like Modelling:
    • 5. Quantum-like Modelling in Economics
    • 6. Bohmian Mechanics and Finance
    • 7. Other Quantum-Like Models in Finance
    • Part III. Quantum Physics-like Modelling:
    • 8. Motivations and Foundations
    • 9. Single-Particle Systems vs. Agents – I
    • 10. Single-Particle Systems vs. Agents –II
    • 11. Simulations and Interpretations
    • 12. Future Directions.

    Authors

    Vikram Athalye , Cummins College of Engineering, Pune, India

    Vikram Athalye is an Associate Professor of Physics in Cummins College, Pune, India and a TEDx speaker. His research currently focuses on bridging physics and the social sciences. Previously he has investigated the foundations of physics by means of quantum information methods. Vikram has published in several leading journals of physics, including Physical Review Letters.

    Emmanuel Haven , Memorial University

    Emmanuel Haven holds The Dr. Alex Faseruk Chair in Financial Management at Memorial University in Canada. He has published in diverse areas ranging from the social sciences such as psychology, economics and operations research, to biology, physics and applied mathematics. He has published several books including Quantum Social Science, Cambridge University Press (2013). He is the co-founding editor of the new journal Quantum Economics and Finance, Sage.