John von Neumann between Physics and Economics: A methodological note

A methodological discussion is proposed, aiming at illustrating an analogy between game theory in particular (and mathematical economics in general) and quantum mechanics. This analogy relies on the equivalence of the two fundamental operators employed in the two fields, namely, the expected value in economics and the density matrix in quantum physics. I conjecture that this coincidence can be traced back to the contributions of von Neumann in both disciplines.

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Year of publication:	2013
Authors:	LAMBERTINI, LUCA
Published in:	Review of Economic Analysis. - ISSN 1973-3909. - Vol. 5.2013, 2, p. 177-189
Subject:	expected value \| density matrix \| uncertainty \| quantum games

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Extent:	application/pdf
Type of publication:	Article
Classification:	B25 - Historical; Institutional; Evolutionary; Austrian ; B41 - Economic Methodology ; C70 - Game Theory and Bargaining Theory. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010765820