Title of article :
A Black-Scholes Schrödinger option price: ‘bit’ versus ‘qubit’
Author/Authors :
Emmanuel Haven، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2003
Abstract :
The celebrated Black-Scholes differential equation provides for the price of a financial derivative. The uncertainty environment of such option price can be described by the classical ‘bit’: a system with two possible states. This paper argues for the introduction of a different uncertainty environment characterized by the so called ‘qubit’. We obtain an information-based option price and discuss the differences between this option price and the classical option price.
Journal title :
Physica A Statistical Mechanics and its Applications
Journal title :
Physica A Statistical Mechanics and its Applications