• 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
  • Pages
    6
  • From page
    201
  • To page
    206
  • 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
  • Serial Year
    2003
  • Journal title
    Physica A Statistical Mechanics and its Applications
  • Record number

    868593