Field Theory of Interest Rates and Psychological Future Time
نویسندگان
چکیده
The noise field describes the external shocks of the economy on the different maturities of the forward rates; its statistics is governed by the exponential of an ‘action’ S[A], which gives the weight of a given path of A in the two dimensional space x, t, and is defined on the semi-infinite domain x ≥ t. The simplest action that factors in the one dimensional nature of the forward rate string was proposed in (Belal Baaquie (2004, 2001, 2002)), and reads
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تاریخ انتشار 2004