Non-classical oscillator model for persistent fluctuations in stock markets
نویسندگان
چکیده
Since Frisch’s classical damping oscillator model has failed to explain persistent economic fluctuations very satisfactorily, we suggest a non-classical oscillator model based on Quantum Mechanics, in an attempt to explain such fluctuations in stock markets. This is based on the assumption that the value could be a wave packet which decides the probability of each price since the same stock has a price range rather than a fixed price at different times. In this case, the market is treated as an apparatus that can measure the value and produce a price as a result. Then, we apply the numerical simulation results to qualitatively explain persistent fluctuations in stock markets. c © 2007 Elsevier B.V. All rights reserved. PACS: 89.65.Gh; 05.45.Tp
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