Year: 2026
Type: preprint
Abstract: A central topic in economics and finance is the valuation of strategic games and bets, of investments providing uncertain future cashflows, and of other asset-like structures and contracts. Often, such valuation involves a probabilistic model, random variables, and computing expectation values of complex payoffs. Extending beyond this classical framework, a scenario emerges where assets are non-commuting operators and the inherent uncertainty is described by quantum states. In this work, we combine such notions of quantum finance with a graph-theoretic framework and ideas from contextuality. We discuss exclusive quantum assets and introduce scenarios when holding such assets can provide advantages over holding classical assets. In particular, we consider a "quantum market" based on nonlocal games such as the CHSH game and demonstrate that this setting can function as a market with well-defined financial structures. We provide upper bounds on the fair prices of the quantum assets based on graph-theoretic quantities like the independence number and the Lovász theta number. Our insights into markets of non-commuting assets help to elucidate what a financial system in a world filled with quantum technology could look like.
Source: arXiv (Cornell University)
Language: English
Subfield: Atomic and Molecular Physics, and Optics
Field: Physics and Astronomy
Domain: Physical Sciences
Open Access status: green
Funders: National Science Foundation, U.S. Department of Energy, National Research Foundation Singapore, Centre for Quantum Technologies, Office of Science, Multidisciplinary University Research Initiative, Office of Naval Research, Advanced Scientific Computing Research, Air Force Office of Scientific Research
OpenAlex ID: W7220385608