Behavioral Capital Theory via Canonical Quantization

We show how a behavioral form of capital theory can be derived using canonical quantization. In particular, we introduce quantum cognition into capital theory by applying Dirac’s canonical quantization approach to Weitzman’s Hamiltonian formulation of capital theory, the justification for the use of...

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Autores principales: Hawkins, Raymond J., D’Anna, Joseph L.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: MDPI 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9601467/
https://www.ncbi.nlm.nih.gov/pubmed/37420517
http://dx.doi.org/10.3390/e24101497
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author Hawkins, Raymond J.
D’Anna, Joseph L.
author_facet Hawkins, Raymond J.
D’Anna, Joseph L.
author_sort Hawkins, Raymond J.
collection PubMed
description We show how a behavioral form of capital theory can be derived using canonical quantization. In particular, we introduce quantum cognition into capital theory by applying Dirac’s canonical quantization approach to Weitzman’s Hamiltonian formulation of capital theory, the justification for the use of quantum cognition being the incompatibility of questions encountered in the investment decision-making process. We illustrate the utility of this approach by deriving the capital-investment commutator for a canonical dynamic investment problem.
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spelling pubmed-96014672022-10-27 Behavioral Capital Theory via Canonical Quantization Hawkins, Raymond J. D’Anna, Joseph L. Entropy (Basel) Article We show how a behavioral form of capital theory can be derived using canonical quantization. In particular, we introduce quantum cognition into capital theory by applying Dirac’s canonical quantization approach to Weitzman’s Hamiltonian formulation of capital theory, the justification for the use of quantum cognition being the incompatibility of questions encountered in the investment decision-making process. We illustrate the utility of this approach by deriving the capital-investment commutator for a canonical dynamic investment problem. MDPI 2022-10-20 /pmc/articles/PMC9601467/ /pubmed/37420517 http://dx.doi.org/10.3390/e24101497 Text en © 2022 by the authors. https://creativecommons.org/licenses/by/4.0/Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/).
spellingShingle Article
Hawkins, Raymond J.
D’Anna, Joseph L.
Behavioral Capital Theory via Canonical Quantization
title Behavioral Capital Theory via Canonical Quantization
title_full Behavioral Capital Theory via Canonical Quantization
title_fullStr Behavioral Capital Theory via Canonical Quantization
title_full_unstemmed Behavioral Capital Theory via Canonical Quantization
title_short Behavioral Capital Theory via Canonical Quantization
title_sort behavioral capital theory via canonical quantization
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9601467/
https://www.ncbi.nlm.nih.gov/pubmed/37420517
http://dx.doi.org/10.3390/e24101497
work_keys_str_mv AT hawkinsraymondj behavioralcapitaltheoryviacanonicalquantization
AT dannajosephl behavioralcapitaltheoryviacanonicalquantization

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