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A Methodological Call for a Quantum Econophysics

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Quantum Interaction (QI 2013)

Part of the book series: Lecture Notes in Computer Science ((LNTCS,volume 8369))

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Abstract

Econophysics is an emerging field dealing with complex systems. A deeper analysis of themes studied by econophysicists shows that research conducted in this field can be decomposed into two different computational techniques: statistical econophysics and agent-based econophysics. Both perspectives import the classical idea of randomness coming from statistical physics. This methodological paper calls for the development of a more quantum-oriented econophysics which could complete the approach provided by classical econophysics by enlarging our way of thinking randomness and, therefore, economic uncertainty.

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Notes

  1. 1.

    For further information about the emergence and the institutional dimension of econophysics, see Gingras and Schinckus [1].

  2. 2.

    This arbitrary dimension refers to agents’s perfect rationality. In opposition to mainstream economics, see Farmer and Foley [5] or Samanidou et al. [6].

  3. 3.

    See McCauley [3] for further information about the importance of power law regularities in econophysics.

  4. 4.

    The literature about the agent-based models is huge and published in several disciplines. Agent-based approach appeared in the 1990s as a new tool for empirical research in a lot of fields such as economics [15], voting behaviors [16], military tactics [17], organizational behaviors [18], epidemics [19], traffic congestion patterns [20], etc.

  5. 5.

    For further information about this specific point, see Schinckus [4].

  6. 6.

    Craver [26] explained that these filler terms can play two roles in knowledge: “they can stand as place-holder for future work” or, in contrast, “they can barriers to progress when they veil failures of understanding”.

  7. 7.

    By adopting this perspective, Schinckus [27] explained that ecnophysics can be looked on as a Knightian reduction of economic uncertainty. See Schinckus [27] for further information about economic uncertainty and econophysics.

  8. 8.

    The literature dedicated to quantum econophysics is not so large. See Saptsin and Soloviev [29] for a detailed literature review.

  9. 9.

    See Haven [32] or Haven and Khrennikov [33] for a good introduction to applications of quantum physics to social sciences.

  10. 10.

    See Khrennikov [35] for information about classical and quantum randomness.

  11. 11.

    Bitbol [42] used the word “transcendental deduction” to characterize reasoning used in the different quantum perspectives.

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Authors and Affiliations

  1. School of Management, University of Leicester, Leicester, England, UK

    Christophe Schinckus

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  1. Christophe Schinckus
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Correspondence to Christophe Schinckus .

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Editors and Affiliations

  1. ETH Zurich, Zurich, Switzerland

    Harald Atmanspacher

  2. School of Management, University of Leicester, Leicester, United Kingdom

    Emmanuel Haven

  3. Queensland University of Technology, Brisbane, Queensland, Australia

    Kirsty Kitto

  4. Department of Physics and Astronomy Centre for Interdisciplinary Science, University of Leicester, Leicester, United Kingdom

    Derek Raine

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Schinckus, C. (2014). A Methodological Call for a Quantum Econophysics. In: Atmanspacher, H., Haven, E., Kitto, K., Raine, D. (eds) Quantum Interaction. QI 2013. Lecture Notes in Computer Science(), vol 8369. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-54943-4_28

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  • DOI: https://doi.org/10.1007/978-3-642-54943-4_28

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