Value order in disorder

Özdilek, Ünsal

doi:10.1007/s40435-021-00903-3

Cited by 3 publications

(2 citation statements)

References 79 publications

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“…In Figure 4a, we represent the 3D information from the GeoGebra, where coordinates x, y, and z are represented by Se + , Se − y, and S V N , respectively. Interestingly, the resulting geometric figure resembles an attractor system, in which a quantum object in the form of a "fly", with its characteristic head and tail, seems to indicate a basin of potential values (for the explanations of value and attractor points, see Özdilek [98]). The projection on a horizontal plane with θ and in Figure 4b provides a similar scheme, with A and B a ractor points representing the head and tail.…”

Section: Quantum Value Resultsmentioning

confidence: 99%

Quantum Value Valuation Continuum

Özdilek

2024

Quantum Reports

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Price, cost, and income (PCI) methods are traditionally used to approximate the value state of an economic commodity such as a property. Based on the estimates of these methods, we explore how quantum theory represents the fundamental process of value valuation in practice. We propose that the mathematical formalism of quantum theory is a promising view and measure of economic value. To ground our exploration, we first map traditional PCI estimates onto three-dimensional spherical coordinates, which were then transformed into two-dimensional quantum states using the Bloch sphere. This step enabled the computation of eigenvalues and eigenvectors of the Hamiltonian matrix, from which the value state measures were derived. The results exhibit practical applications as well as fundamental insights into potential connections between economic and quantum value states.

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Section: Quantum Value Resultsmentioning

confidence: 99%

Quantum Value Valuation Continuum

Özdilek

2024

Quantum Reports

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“…Empirical evidence clearly suggests the benefits of exploring information and entropy-based theory to better understand market behavior [ 56 ]. Once the information is disclosed, its value decreases and it becomes less scarce [ 57 ]. The entropy-based market analysis and investment theory is applied, for instance, to investment practice, asset and portfolio returns, financial time-series forecasting and estimation of manufacturing yields [ 58 , 59 , 60 ].…”

Section: Literature Reviewmentioning

confidence: 99%

The Role of Thermodynamic and Informational Entropy in Improving Real Estate Valuation Methods

Özdilek

2023

Entropy

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Price, Cost and Income (PCI) are distinct economic indicators intrinsically linked to the values they denote. These observables take center stage in the multi-criteria decision-making process that enables economic agents to convey subjective utilities of market-exchanged commodities objectively. The valuation of these commodities heavily relies on PCI-based empirical observables and their supported methodologies. This valuation measure’s accuracy is critical, as it influences subsequent decisions within the market chain. However, measurement errors often arise due to inherent uncertainties in the value state, impacting economic agents’ wealth, particularly when trading significant commodities such as real estate properties. This paper addresses this issue by incorporating entropy measurements into real estate valuation. This mathematical technique adjusts and integrates triadic PCI estimates, improving the final stage of appraisal systems where definitive value decisions are crucial. Employing entropy within the appraisal system can also aid market agents in devising informed production/trading strategies for optimal returns. The results from our practical demonstration indicate promising implications. The entropy’s integration with PCI estimates significantly improved the value measurement’s precision and reduced economic decision-making errors.

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