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arXiv:2012.04473 · Contributions to economics

Quantum Technology for Economists

Isaiah Hull, Or Sattath, Eleni Diamanti, Goran P. Wendin

Published Jan 1, 2020• 31 citations
arXivHTMLPDF
DOI
10.1007/978-3-031-50780-9

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A brief review of basic concepts (interpretations) of quantum mechanics is given. Each of the above interpretations has a number of controversial points, which allow discussion to develop their understanding of the mechanism of the paradoxical quantum phenomena. The article is written for students-economists studying the concepts of modern science and all readers interested in the questions: what is beyond the reality of the quantum-mechanical experiment or does our perception create, in some sense, the physical world. The author believes that the development of quantum information technology is impossible without an answer to these fundamental questions.
Abstract. The holistic approach of quantum theory is investigated as a tool for social economists to analyze and to interpret socioeconomic reality and paradigms. The link between quantum theory and the social economist's approach to socioeconomic reality, i.e., the “what is,” rests on the premise that each element of the socioeconomic universe relates to the whole system and vice versa. In other words, the meaning of each part is to be found in its implicit reflection of the whole of reality; it has no meaning exclusive of the whole. In terms of quantum theory, investigations of microeconomic processes are interwoven with the macroeconomic frame of reference of the observer. The very act of observation is to be considered as an integral part of the observed system.
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