Advances in Consumer Research
Issue:6 : 1754-1758
Original Article
Quantum Economics: A Novel Interdisciplinary Approach to Economics and Quantum Mechanics
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1
Assistant Professor (Economics),Maharashtra National Law University, Mumbai
2
Librarian (I/c),Maharashtra National Law University Mumbai.
3
Assistant Professor (Engineering. Mathematics) SIES Graduate School of Technology, Nerul, Navi-Mumbai
4
Consultant-Data-Driven, Digital Agriculture and Innovations The World Bank, 3. Washington, DC, USA.
Abstract

The time-tested Neo-classical Economics of our times, with its basic assumptions of coherent factors, market symmetry, and deterministic causation, has long served as the substratum of economic principle. Nevertheless, its incapability to sufficiently foresee compound phenomena like financial crises, systemic risk, as well as the intricacies of our policymaking has exposed substantial precincts. This paper tries to present quantum economics as an emergent model that bids a more nuanced and potent framework for comprehending financial systems. By depicting the doctrines of quantum mechanics—not as a straight core-scientific depiction but as a vigorous calculated and conceptual apparatus—this arena substitutes deterministic certainty with probabilistic possibility, insulated ingredients with entwined systems, and objective observation with context-dependent quantification. This article reviews the latitude of quantum economics, from its conjectural nitty-gritties in superposition and entanglement to its practical solicitations in finance, stock markets, behavioral economics, banking, and game theory. It critically scrutinizes the insightful organisational, computational, and formal encounters that encumber its conventional recognition and acceptance, including hardware limits in the NISQ (Noisy Intermediate-Scale Quantum) era and prospective academic apprehension. Lastly, it searches the forthcoming arc of the discipline, stressing its impending conjunction with AI, its part in safeguarding digital assets, and its promise for modelling multifaceted socio-ecological schemes and systems. The article contends that quantum economics, although still in its burgeoning junctures, signifies a dynamic and vital transformative shift from a systematic to a probabilistic and relational considerations of human economic existence

Keywords
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