HEISENBERG UNCERTAINTY PRINCIPLE AND ECONOMIC CRISES

Article Sidebar

PDF (Українська)
Keywords:
fallibility reflexivity, quantum econophysics, uncertainty principle, economic dynamics time series, economic mass

Main Article Content

V. M. Soloviev
V. M. Saptsin

Abstract

Approaching physics as the way to predict the results of experiments is good enough for physics as it is. However the transition of its notions and mathematical apparatus to systems of different nature requires obligatory in-depth analysis of its initial concepts. Econophysics is a young interdisciplinary scientific field, which developed and acquired its name at the end of the last century. Quantum econophysics, a direction distinguished by the use of mathematical apparatus of quantum mechanics as well as its fundamental conceptual ideas and relativistic aspects, developed within its boundaries just a couple of years later, in the first decade of the 21-st century. In this paper from quantum econophysics positions, attained by moderntheoretical physics in understanding of the universe bases, the methodological and philosophicalanalysis of fundamental physical concepts and their formal and informal connections with thereal economic measurings is carried out. The possibility of introducing economic equivalents ofphysical quantities in order to describe socio-economic processes using the quantum uncertaintyprinciple is shown. Procedures for heterogeneous economic time determination, normalizedeconomic coordinates and economic mass are offered, based on the analysis of time series, theconcept of economic Plank's constant is proposed. A theory is approved on the real economicdynamic's time series, including crises stock market indices. It is shown that the effective mass ofthe time series universally decreases before the crisis period, which may be an indicator of thecrisis phenomena.

Article Details

Issue
No. 3 (2016): Вісник Черкаського університету. Серія «Економічні науки»
Section
Статті

The authors published in this journal agree with following conditions:

1. The authors reserve to themselves the right to the authorship of their works and transfer the right of their first publication to the journal on the terms of Creatіve Common Attrіbutіon Lіcense which allows to freely extend to other persons the published work with an obligatory reference to the authors of the original work and its first publication in this journal.

2. The authors have the right to complete independent additional agreements concerning the not exclusive distribution of their work in the form in which it was published in this journal (for example, to place the work in the electronic storehouse of an establishment or to publish as a monograph component), under the condition of the preservation of the reference to the first publication of the work in this journal.

3. The journal’s policy allows and encourage the authors to place their manuscripts into the Internet (for example, in depositories of establishments or on personal web-sites) either before submitting of the manuscript for publication or during its editorial processing as it assists the occurrence of a productive scientific discussion and positively affects the efficiency and dynamics of citing of the published work.

 

AGREEMENT
ABOUT TRANSMISSION OF COPYRIGHT
 
I, the author of the article / We, the authors of the manuscript _______________________________________________________________________
in case of its acceptance for publication, we transfer the following rights to the founders and editorial boards of the scientific publication "BULLETIN OF THE CHERKASY BOHDAN KHMELNYTSKY NATIONAL UNIVERSITY. ECONOMIC SCIENCES. SERIES "ECONOMIC SCIENCES":
1. Publication of this article in Ukrainian (English, Russian, Polish) and distribution of its printed version.
2. Dissemination of the electronic version of the article through any electronic means (placing on the official journal web site, in electronic databases, repositories, etc.).
At the same time we reserve the right without consent of the editorial board and the founders:
1. Use the materials of the article in whole or in part for educational purposes.
2. To use the materials of the article in whole or in part for writing your own theses.
3. Use article materials to prepare abstracts, conference reports, and oral presentations.
4. Post electronic copies of the article (including the final electronic version downloaded from the journal's official website) to:
a. personal web-pecypcax of all authors (web sites, web pages, blogs, etc.);
b. web-pecypcax of the institutions where the authors work (including electronic institutional repositories);
with. non-profit, open-source web-pecypcax (such as arXiv.org).
With this agreement, we also certify that the submitted manuscript meets the following criteria:
1. Does not contain calls for violence, incitement of racial or ethnic enmity, which are disturbing, threatening, shameful, libelous, cruel, indecent, vulgar, etc.
2. Does not infringe the copyrights and intellectual property rights of others or organizations; contains all the references to the cited authors and / or publications envisaged by applicable copyright law, as well as the results and facts used in the article by other authors or organizations.
3. It has not been previously published in other publishers and has not been published in other publications.
4. Does not include materials that are not subject to publication in the open press, in accordance with applicable law.
____________________ ___________________
First name, Last name,  signature of the author
"___" __________ 20__

 

References

Soros, G. (2009). The new paradigm for financial markets: the credit crisis of 2008 and what it means. NY.:PublicAffairs.

Soros, G. (2014) Fallibility, reflexivity, and the human uncertainty principle. Retrieved from:http://www.georgesoros.com/essays/fallibility-reflexivity-and-the-human-uncertainty-principle-2.

Soloviev, V., Saptsin V., & Stratiychuk I. (2012). Quantum econophysics – problems and new conceptions.Visnyk KNUTD, 5. – P.243-248.

Saptsin V., & Soloviev, V. (2009). Relativistic quantum econophysics – new paradigms in complex systemsmodelling. Cherkasy: Brama-Ukraine (in Rus).

Saptsin, V.N., & Soloviev V.N. (2009) Relativistic quantum econophysics – new paradigms in complex systemsmodelling. Retrieved from: arXiv:0907.1142v1 [physics.soc-ph] 7 Jul 2009.

Ozawa, M. (2015) Heisenberg original derivation of the uncertainty principle and its universally validreformulations. Retrieved from: http:// arXiv:1507.02010 [quant-ph].

Bianconi, G. (2015) Interdisciplinary and physics challenges in network theory. Europhysics Letters, 11(5), 1-7.

Saptsin, V.N., & Soloviev V.N. (2011) Heisenberg uncertainty principle and economic analogues of basicphysical quantities. Computer Modelling and New Technologies, 15(3), 21-26.

Landau, L. D., & Lifshitz E. M. Field theory (1973). Moscow: Nauka (in Rus.).10.Retrieved from: http:// finance.yahoo.com11. Danilchuk, G.B., & Soloviev V.N. (2015). Dynamics of graph spectral entropy in financial crisis. Socio-economic aspects of economics and management, 2, 227-234.