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:	2013-07
Authors:	Lambertini, Luca
Institutions:	Rimini Centre for Economic Analysis (RCEA)
Subject:	expected value \| density matrix \| uncertainty \| quantum games

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Extent:	application/pdf
Series:	Working Paper Series.
Type of publication:	Book / Working Paper
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/10010686248