Authors: Michail Zak
Comments: 23 Pages.
The paper extends the mathematical formalism of quantum physics to include economics. The novelty of the approach is based upon a human-factor-based behavioral model of an intelligent agent. The model is quantum inspired: it is represented by a modified Madelung equation in which the gradient of quantum potential is replaced by a specially chosen information force. It consists of motor dynamics simulating actual behavior of the agent, and mental dynamics representing evolution of the corresponding knowledge base and incorporating this knowledge in the form of information flows into the motor dynamics. Due to feedback from mental dynamics, the motor dynamics attains quantum-like properties: its trajectory splits into a family of different trajectories, and each of those trajectories can be chosen with the probability prescribed by the mental dynamics. All of these departures actually extend and complement the classical methods making them especially successful in analysis of communications of agents represented by new mathematical formalism.
Category: Economics and Finance