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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) Richard Feynman
C) Asghar Qadir
D) Keith Meyer
  • 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 efficiency of the market
B) The bid value
C) The amount of arbitrage present in 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 is a special case of the Schrödinger equation assuming market efficiency
B) It assumes the market is inefficient
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) Asghar Qadir
B) Belal E. Baaquie
C) Edward Piotrowski
D) Emmanuel Haven
  • 6. What process did Edward Piotrowski et al. assume the stock underlying the option follows?
A) Ornstein–Uhlenbeck process
B) Poisson process
C) Wiener–Bachelier process
D) Brownian motion
  • 7. Which models have successfully used the approach of changing the underlying process assumption in the classical setting?
A) Hull–White and Cox–Ingersoll–Ross
B) Chen and Meyer
C) Black–Scholes–Merton and Cox–Ross–Rubinstein
D) Ornstein–Uhlenbeck and Wiener–Bachelier
  • 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) Wiener and Bachelier processes
B) Schrödinger and Feynman
C) Ornstein–Uhlenbeck and Maxwell–Boltzmann
D) Brownian and Poisson processes
  • 10. What is the quantum binomial model metaphorically compared to in the classical setting?
A) The Hull–White model
B) The Cox–Ingersoll–Ross model
C) The Cox–Ross–Rubinstein classical binomial options pricing model
D) The Black–Scholes–Merton model
  • 11. What does the quantum binomial model collapse to when assuming stocks behave according to Maxwell–Boltzmann statistics?
A) The Black–Scholes–Merton model
B) The Cox–Ingersoll–Ross model
C) The classical binomial model
D) The Ornstein–Uhlenbeck model
  • 12. Who provided the formula for quantum volatility in the context of the quantum binomial model?
A) Keith Meyer
B) Belal E. Baaquie
C) Emmanuel Haven
D) Andrei Khrennikov
  • 13. What statistical method is replaced by Bose–Einstein statistics in the given option price formula?
A) Maxwell–Boltzmann statistics
B) Gibbs statistics
C) Fermi–Dirac statistics
D) Poisson statistics
  • 14. What year did Patrick Rebentrost demonstrate a quantum algorithm for pricing financial derivatives?
A) 2019
B) 2020
C) 2016
D) 2018
  • 15. What advantage does Patrick Rebentrost's quantum algorithm have over classical methods?
A) Exponential advantage
B) Logarithmic advantage
C) Linear advantage
D) Square root advantage
  • 16. Who proposed an option-pricing model based on a quantum walk in 2020?
A) Cox
B) Baaquie
C) David Orrell
D) Patrick Rebentrost
  • 17. According to Arioli and Valente, what is the reason for Baaquie's numerical success?
A) Quantum entanglement
B) Effects other than quantum ones
C) Quantum randomness
D) Quantum superposition
  • 18. What critique does Rickles have regarding Baaquie's work?
A) Quantum mechanics is not applicable to finance
B) Empirical economic data are highly random
C) Empirical economic data are not random
D) Economic models should use imaginary numbers
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