Are Financial Markets an Aspect of Quantum World?
Are Financial Markets an Aspect of Quantum World? is a scholarly work, published in 2015 in ''Journal of Engineering Science and Technology Review''. The main subjects of the publication include quantum, quantum tunneling, physics, asset pricing, valuation, stock market, quantum mechanics, stock, phenomenon, economics, financial market, econophysics, Schrödinger equation, and financial economics. Writing the article "Time independent pricing of options in range bound markets" 1, the question in the title came naturally to my mind.It is stated, in the above article, that in certain market conditions the stock price is subjected to an equation that exactly matches a time independent Schrodinger equation.The time independent equation for options valuation is used further to explain a stock market phenomenon that resembles an α particle decay tunneling effect.The transmission coefficient for the stock price tunneling effect it is also deduced.Although, it may not have important impact in quantum physics, the philosophical aspects residing in the use of quantum mechanics for stock market specific are very important.