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Routledge eBooks

The quantum interpretation

Walter R.J. Baets

Published Jan 24, 2007• 0 citations
Publisher

Abstract

Given the insight into complexity that we have developed and its consequences for management the way we have discussed it, we are now ready to explore an alternative interpretation of the managerial reality that would allow us a different managerial approach. In this chapter we explore the quantum interpretation of reality in general, before, in Chapter 9, applying this quantum interpretation to economic theory and reality.

DOI
10.4324/9780203946350-15

Related papers

Quantum economics, or the quantum interpretation of management

Walter R.J. Baets

It is clear that what we know as business economics, the theory that forms the basis of our managerial thinking, cannot hold any more within a quantum interpretation of the world, other than as an exception to, or a specific case of, a more general rule. In this chapter I suggest the framework of a new kind of economic thinking that fits the quantum interpretation and that allows us to gain a deeper insight into business practice. In the first part of the chapter I will critically summarize what we know as business economics, in order to illustrate, in the second part of the chapter, with some examples, how a quantum interpretation sheds new light on our experienced reality.

Routledge eBooks•Jan 24, 2007•0 citations

Five interpretations

Alexander E. Wendt

While there is general agreement that quantum theory poses a fundamental challenge to the classical worldview, there is none on what worldview should replace it. This lack of clear positive implications is the heart of the interpretation problem in quantum theory, or understanding what the world must be like assuming the theory is true. The difficulty is twofold. First, if the theory is correct and complete then there seems to be no way to adjudicate empirically among its interpretations, forcing us to rely on metaphysics instead. Second, the classical metaphysics upon which human beings have relied in the past to interpret new theories is now itself problematic, leaving us without an interpretive backstop to anchor our thinking. Bell is surely right in expecting whatever picture of reality eventually emerges from quantum theory to “astonish us,” but by the same token it is very hard to see what that picture should be. In this chapter I address the debate about the positive worldview implications of quantum theory. Of all the chapters in this book it is the farthest removed from the concerns of social scientists. However, it plays an important dialectical function in my argument, which is to introduce and help justify the panpsychist interpretation of quantum theory that I will embrace and discuss at more length in Chapter 6. By ‘justify’ I do not mean that I will defend this interpretation as superior to others. My purpose is more modest, which is simply to show why, despite what might seem to be its bizarre and counter-intuitive nature, panpsychism is taken quite seriously by philosophers of physics as a way to interpret quantum theory. That's because (a) there are strong analogies between quantum systems and the human mind, and (b) the alternatives are equally bizarre and counter-intuitive. If readers are prepared to accept that panpsychism is a valid approach to the mind–body problem, then this chapter may be skipped – which I have made less costly by deferring until Chapter 6 a discussion of time-symmetric approaches like the Transactional Interpretation, which will play an important role later in the book.

Cambridge University Press eBooks•Apr 20, 2015•0 citations

Quantum Mechanics and Our View of Reality

David W. Snoke

This chapter surveys some of the ways in which the Copenhagen interpretation of quantum mechanics has led to a various views of the world with spiritual and moral implications; the perspective of this chapter is that most of these views are not demanded by the actual theory and experiments of quantum mechanics.

Cambridge University Press eBooks•Apr 30, 2024•0 citations

Introduction to Quantum Economics

Huilin Zhao

Abstract Since Adam Smith, economics has erected a grand edifice upon the foundations of rational agents, equilibrium analysis, and linear causality; however, the 2008 global financial crisis, the European sovereign debt crisis, and the COVID-19 pandemic have successively revealed its fundamental limitations when confronted with complex economic phenomena: bubbles that ought not to have existed, crises unforeseen by equilibrium models, non-linear ruptures brought about by technological revolutions, and self-fulfilling expectations—all of which call for a richer theoretical language. This book serves as the foundational introduction to the "Quantum Economics Textbook Series," as well as the first gateway into this entire series. It introduces the methodological framework, mathematical apparatus, and philosophical insights of quantum mechanics to economic analysis, grounding its approach in the core proposition of a practical ontology—that human economic practice itself possesses quantum attributes such as superposition, entanglement, constructibility, uncertainty, and emergence—thereby reconstructing the economic world as a quantum process of superposition and evolution. Six core concepts—superposition, entanglement, measurement collapse, the uncertainty principle, quantum transitions, and emergence—run throughout the work. Quantum economics does not represent a simple negation of classical theory; rather, it constitutes a dialectical sublation: under the classical limit—where decoherence is complete, the measurement basis is fixed, and entanglement vanishes—quantum theory precisely reduces to classical theory. This book comprises five parts and thirty chapters: Part I establishes the paradigm shift and theoretical framework, covering critiques of Newton's worldview, the quantum worldview, a foundational conceptual framework, mathematical foundations, and research methodologies; Part II reconstructs quantum microeconomic theory, encompassing consumers, producers, pricing, markets, the wave-particle duality of markets, quantum games, and welfare economics; Part III builds quantum macroeconomic theory, addressing national income accounting, money, inflation, economic cycles, policy, and open economies; Part IV explores quantum finance and market dynamics, including asset pricing, portfolio management, market sentiment, risk management, and trading theory; Part V extends the scope to organizations, innovation, institutions, development, economic ethics, and the digital economy, while offering insights into the future of this discipline. This volume is intended for undergraduate and graduate students, as well as researchers in economics and related fields, and serves as the essential first volume in the quantum economics series.

•Sep 2, 2026•0 citations

Theories and Interpretations

Olímpia Lombardi

Abstract The purpose of this book is to present an interpretation of quantum mechanics. But what are we talking about when we speak of “quantum mechanics?” Are we talking about a single theory or about many related theories? And what do we mean by “interpretation” here? In this chapter, I will address these questions in an introductory way. Of course, I do not intend to take part in the extensive discussions about what a scientific theory is, what is meant by interpreting a theory, in what situation we encounter equivalent theories, and many other questions related to or derived from these. My aim here is to present some preliminary ideas in a way that I hope will be sufficient to avoid misunderstandings in the following chapters. But, above all, I will state my position as to why, after so many years and so much literature on the subject, the interpretation of quantum mechanics deserves further discussion.

•Feb 19, 2026•0 citations

The Emergence of Multiplicity

David Wallace

The aim of this chapter is to explain how the ‘many worlds’ of the Everett interpretation can emerge from the underlying physics of quantum theory, without being put in by hand at the microscopic level. The discussion is conceptually focussed: in the main the chapter is concerned with sketching the way in which higher-level ontology emerges, in general, from lower-level scientific theories. When this general framework is applied to quantum theory in particular, the chapter shows that it leads to a continual branching of physical reality at the emergent, macroscopic level.

Oxford University Press eBooks•May 24, 2012•0 citations
Given the insight into complexity that we have developed and its consequences for management the way we have discussed it, we are now ready to explore an alternative interpretation of the managerial reality that would allow us a different managerial approach. In this chapter we explore the quantum interpretation of reality in general, before, in Chapter 9, applying this quantum interpretation to economic theory and reality.
It is clear that what we know as business economics, the theory that forms the basis of our managerial thinking, cannot hold any more within a quantum interpretation of the world, other than as an exception to, or a specific case of, a more general rule. In this chapter I suggest the framework of a new kind of economic thinking that fits the quantum interpretation and that allows us to gain a deeper insight into business practice. In the first part of the chapter I will critically summarize what we know as business economics, in order to illustrate, in the second part of the chapter, with some examples, how a quantum interpretation sheds new light on our experienced reality.
While there is general agreement that quantum theory poses a fundamental challenge to the classical worldview, there is none on what worldview should replace it. This lack of clear positive implications is the heart of the interpretation problem in quantum theory, or understanding what the world must be like assuming the theory is true. The difficulty is twofold. First, if the theory is correct and complete then there seems to be no way to adjudicate empirically among its interpretations, forcing us to rely on metaphysics instead. Second, the classical metaphysics upon which human beings have relied in the past to interpret new theories is now itself problematic, leaving us without an interpretive backstop to anchor our thinking. Bell is surely right in expecting whatever picture of reality eventually emerges from quantum theory to “astonish us,” but by the same token it is very hard to see what that picture should be. In this chapter I address the debate about the positive worldview implications of quantum theory. Of all the chapters in this book it is the farthest removed from the concerns of social scientists. However, it plays an important dialectical function in my argument, which is to introduce and help justify the panpsychist interpretation of quantum theory that I will embrace and discuss at more length in Chapter 6. By ‘justify’ I do not mean that I will defend this interpretation as superior to others. My purpose is more modest, which is simply to show why, despite what might seem to be its bizarre and counter-intuitive nature, panpsychism is taken quite seriously by philosophers of physics as a way to interpret quantum theory. That's because (a) there are strong analogies between quantum systems and the human mind, and (b) the alternatives are equally bizarre and counter-intuitive. If readers are prepared to accept that panpsychism is a valid approach to the mind–body problem, then this chapter may be skipped – which I have made less costly by deferring until Chapter 6 a discussion of time-symmetric approaches like the Transactional Interpretation, which will play an important role later in the book.
Abstract Since Adam Smith, economics has erected a grand edifice upon the foundations of rational agents, equilibrium analysis, and linear causality; however, the 2008 global financial crisis, the European sovereign debt crisis, and the COVID-19 pandemic have successively revealed its fundamental limitations when confronted with complex economic phenomena: bubbles that ought not to have existed, crises unforeseen by equilibrium models, non-linear ruptures brought about by technological revolutions, and self-fulfilling expectations—all of which call for a richer theoretical language. This book serves as the foundational introduction to the "Quantum Economics Textbook Series," as well as the first gateway into this entire series. It introduces the methodological framework, mathematical apparatus, and philosophical insights of quantum mechanics to economic analysis, grounding its approach in the core proposition of a practical ontology—that human economic practice itself possesses quantum attributes such as superposition, entanglement, constructibility, uncertainty, and emergence—thereby reconstructing the economic world as a quantum process of superposition and evolution. Six core concepts—superposition, entanglement, measurement collapse, the uncertainty principle, quantum transitions, and emergence—run throughout the work. Quantum economics does not represent a simple negation of classical theory; rather, it constitutes a dialectical sublation: under the classical limit—where decoherence is complete, the measurement basis is fixed, and entanglement vanishes—quantum theory precisely reduces to classical theory. This book comprises five parts and thirty chapters: Part I establishes the paradigm shift and theoretical framework, covering critiques of Newton's worldview, the quantum worldview, a foundational conceptual framework, mathematical foundations, and research methodologies; Part II reconstructs quantum microeconomic theory, encompassing consumers, producers, pricing, markets, the wave-particle duality of markets, quantum games, and welfare economics; Part III builds quantum macroeconomic theory, addressing national income accounting, money, inflation, economic cycles, policy, and open economies; Part IV explores quantum finance and market dynamics, including asset pricing, portfolio management, market sentiment, risk management, and trading theory; Part V extends the scope to organizations, innovation, institutions, development, economic ethics, and the digital economy, while offering insights into the future of this discipline. This volume is intended for undergraduate and graduate students, as well as researchers in economics and related fields, and serves as the essential first volume in the quantum economics series.
Abstract The purpose of this book is to present an interpretation of quantum mechanics. But what are we talking about when we speak of “quantum mechanics?” Are we talking about a single theory or about many related theories? And what do we mean by “interpretation” here? In this chapter, I will address these questions in an introductory way. Of course, I do not intend to take part in the extensive discussions about what a scientific theory is, what is meant by interpreting a theory, in what situation we encounter equivalent theories, and many other questions related to or derived from these. My aim here is to present some preliminary ideas in a way that I hope will be sufficient to avoid misunderstandings in the following chapters. But, above all, I will state my position as to why, after so many years and so much literature on the subject, the interpretation of quantum mechanics deserves further discussion.
The aim of this chapter is to explain how the ‘many worlds’ of the Everett interpretation can emerge from the underlying physics of quantum theory, without being put in by hand at the microscopic level. The discussion is conceptually focussed: in the main the chapter is concerned with sketching the way in which higher-level ontology emerges, in general, from lower-level scientific theories. When this general framework is applied to quantum theory in particular, the chapter shows that it leads to a continual branching of physical reality at the emergent, macroscopic level.