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Quantum finance - Quiz
Contributed by: Rowe
  • 1. Who first suggested that quantum physics is better suited to modeling human economic activity?
A) Emmanuel Haven
B) Asghar Qadir
C) Keith Meyer
D) Richard Feynman
  • 2. In what year did Asghar Qadir make his suggestion about quantum physics and economic activity?
A) 2000
B) 2001
C) 1999
D) 1978
  • 3. What does the parameter ħ in Haven's Schrödinger-based equation represent?
A) The bid value
B) The amount of arbitrage present in the market
C) The efficiency of the market
D) The transaction price
  • 4. What is the key message in Emmanuel Haven's work regarding the Black–Scholes–Merton equation?
A) It assumes the market is inefficient
B) It is a special case of the Schrödinger equation assuming market efficiency
C) It is a special case of the Ornstein–Uhlenbeck process
D) It is unrelated to the Schrödinger equation
  • 5. Who applied path integrals to several exotic options in quantum finance?
A) Belal E. Baaquie
B) Asghar Qadir
C) Edward Piotrowski
D) Emmanuel Haven
  • 6. What process did Edward Piotrowski et al. assume the stock underlying the option follows?
A) Brownian motion
B) Wiener–Bachelier process
C) Poisson process
D) Ornstein–Uhlenbeck process
  • 7. Which models have successfully used the approach of changing the underlying process assumption in the classical setting?
A) Ornstein–Uhlenbeck and Wiener–Bachelier
B) Chen and Meyer
C) Hull–White and Cox–Ingersoll–Ross
D) Black–Scholes–Merton and Cox–Ross–Rubinstein
  • 8. Who builds on the work of Haven and others to question the market efficiency assumption?
A) Keith Meyer
B) Luigi Accardi
C) Andrei Khrennikov
D) Richard Feynman
  • 9. What processes do Luigi Accardi and Andreas Boukas consider for the underlying stock in their quantum finance model?
A) Ornstein–Uhlenbeck and Maxwell–Boltzmann
B) Wiener and Bachelier processes
C) Brownian and Poisson processes
D) Schrödinger and Feynman
  • 10. What is the quantum binomial model metaphorically compared to in the classical setting?
A) The Hull–White model
B) The Black–Scholes–Merton model
C) The Cox–Ingersoll–Ross model
D) The Cox–Ross–Rubinstein classical binomial options pricing model
  • 11. What does the quantum binomial model collapse to when assuming stocks behave according to Maxwell–Boltzmann statistics?
A) The Ornstein–Uhlenbeck model
B) The classical binomial model
C) The Black–Scholes–Merton model
D) The Cox–Ingersoll–Ross model
  • 12. Who provided the formula for quantum volatility in the context of the quantum binomial model?
A) Andrei Khrennikov
B) Belal E. Baaquie
C) Keith Meyer
D) Emmanuel Haven
  • 13. What statistical method is replaced by Bose–Einstein statistics in the given option price formula?
A) Poisson statistics
B) Gibbs statistics
C) Maxwell–Boltzmann statistics
D) Fermi–Dirac statistics
  • 14. What year did Patrick Rebentrost demonstrate a quantum algorithm for pricing financial derivatives?
A) 2020
B) 2016
C) 2018
D) 2019
  • 15. What advantage does Patrick Rebentrost's quantum algorithm have over classical methods?
A) Linear advantage
B) Square root advantage
C) Exponential advantage
D) Logarithmic advantage
  • 16. Who proposed an option-pricing model based on a quantum walk in 2020?
A) Cox
B) Baaquie
C) Patrick Rebentrost
D) David Orrell
  • 17. According to Arioli and Valente, what is the reason for Baaquie's numerical success?
A) Quantum entanglement
B) Quantum superposition
C) Effects other than quantum ones
D) Quantum randomness
  • 18. What critique does Rickles have regarding Baaquie's work?
A) Economic models should use imaginary numbers
B) Quantum mechanics is not applicable to finance
C) Empirical economic data are not random
D) Empirical economic data are highly random
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