Human Behavior Paradox and a Social Science Interpretation of Quantum Mechanics

Wayne, James J. (2014): Human Behavior Paradox and a Social Science Interpretation of Quantum Mechanics.

Abstract

Are financial markets predictable? How to predict the financial markets? These important questions are not answerable in the existing framework of either finance or economics. This paper shows in details that these questions are also not answerable in the existing framework of modern physics. In order to answer these important questions, this papers shows that one must develop a new interpretation of quantum mechanics which makes social science to be a branch of quantum physics like optics and chemistry. By critically examining the question how to predict the human behavior using Newtonian physics, special relativity, general relativity, thermodynamics, and QM with the Copenhagen interpretation, this paper reaches a stunning conclusion that the existing laws in all branches of physics can neither explain nor forecast the human behavior. This is the intolerable human behavior paradox facing physicists today: on one hand, the modern physics can explain and forecast the behavior of physical systems ranging from the tiniest elementary particles to the largest structures of the visible universe with amazing accuracy; on the other hand, ironically the existing physics cannot explain nor forecast the human behavior in our everyday life. The most important contribution of this paper is to prove that it is much easier to solve the measurement problem in QM, the human paradox, and many unanswerable questions in social science together than to solve them individually. This paper proposes a new interpretation, called JJW interpretation of QM, to replace the flawed Copenhagen interpretation and solve the measurement problem, human paradox, and many unanswerable questions in social science. The central points of JJW interpretation of QM is condensed into five new fundamental laws of physics, which are called physics laws of social science (PLSS). PLSS turns out to be a very powerful tool for social science because it reformulates every single problem in economics, politics, and other branches of social science into a physics problem. PLSS solves many outstanding fundamental questions in social science: how humanity should govern itself, whether the future can be forecasted, and how to predict the future. In economics, a fundamental equation of economics can be derived from PLSS. The fundamental equation of economics invalidates many popular economic theories and models, and concludes that the existing economics is not really a science without an extensive house cleaning. In political science, PLSS leads a conclusion that US constitution has many fundamental design flaws, and the permanent world peace is theoretically and practically feasible. Based on the extensive empirical evidence of human behavior supporting PLSS and the profound logical consequence of PLSS, this paper concludes that JJW interpretation is probably the correct interpretation of QM. This paper also shows that JJW interpretation of quantum mechanics is experimentally testable.

• Item Type: MPRA Paper
• Language: English
• Keywords: choices, uncertainty, prediction, information, equilibrium, indetermancy, quantum social science, interpretation of quantum mechanics, physics laws of social science
• Subjects: A - General Economics and Teaching > A1 - General Economics > A12 - Relation of Economics to Other Disciplines; D - Microeconomics > D5 - General Equilibrium and Disequilibrium; D - Microeconomics > D5 - General Equilibrium and Disequilibrium > D50 - General; E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models; E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E17 - Forecasting and Simulation: Models and Applications; G - Financial Economics > G0 - General; H - Public Economics > H6 - National Budget, Deficit, and Debt; H - Public Economics > H6 - National Budget, Deficit, and Debt > H62 - Deficit ; Surplus

References

1. For a good summary and a list of references on the topic of interpretation of quantum mechanics, please refer to Wikipedia pages.

2. Stanford Encyclopedia of Philosophy, 2014. “Copenhagen Interpretation of Quantum Mechanics”, Stanford University, CA

3. John Von Neumann, 1955. “Mathematical Foundations of Quantum Mechanics”, Princeton University Press, Princeton, NJ

4. Robert E Griffiths, 2002. “Consistent Quantum Theory”, Cambridge University Press, Cambridge

5. Hugh Everett, 1957. “Hugh Everett Theory of the Universal Wavefunction”, Thesis, Princeton University, 1957

6. Bertrand Russell, 1945. “A History of Western Philosophy”, George Allen & Unwin Ltd, London

7. Pierre A. Rouzier, 2010. “The Sports Medicine Patient Advisor”, SportsMed Press, 3rd edition, Amherst, MA

8. Robert Shiller in an interview with Jun Zhang in Fudan University, Shanghai in July, 2014

9. Stephane Courtois, Nicolas Werth, Jean-Louis Panne, Andrzej Paczkowski, Karel Bartosek, and Jean-Louis Margolin, 1997. “The Black Book of Communism: Crimes, Terror, Repression”, Harvard University Press, Cambridge, MA

10. For a good summary and a list of references on the topic of futurology, please refer to Wikipedia pages.

11. For a list of unsolved problems in physics, please refer to Wikipedia pages.

12. James J. Wayne, 2005. “Physics Laws of Social Science”, Lawrence Cedar House, New Jersey

13. James J. Wayne, 2013. “Physics Laws of Social Science”, working paper, Munich University Library, Munich Personal RePEc Archive, 47811 (http://mpra.ub.uni-muenchen.de/47811/ ).

14. James J. Wayne, 2013. “Fundamental Equation of Economics”, working paper, Munich University Library, Munich Personal RePEc Archive, 59574 (http://mpra.ub.uni-muenchen.de/59574/ ).

15. James J. Wayne, 2014. “A Scientific Macroeconomic Model Derived from Fundamental Equation of Economics”, working paper, Munich University Library, Munich Personal RePEc Archive, 59591 (http://mpra.ub.uni-muenchen.de/59591/ ).

16. James J. Wayne, 2014. “A Physics Solution to the Hardest Problem in Social Science: Physics Foundation of Permanent World Peace”, working paper, Munich University Library, Munich Personal RePEc Archive, 59634 (http://mpra.ub.uni-muenchen.de/59634/ ).

17. James J. Wayne, 2014. “Fundamental Design Flaws of United States Constitution”, working paper, Munich University Library, Munich Personal RePEc Archive, 59664 (http://mpra.ub.uni-muenchen.de/59664/ ).

18. James J. Wayne, 2014. “Arrow of Time Phenomena in Social Science and Sixteen Global Mega Trends of Human Society”, working paper, Munich University Library, Munich Personal RePEc Archive, 59685 (http://mpra.ub.uni-muenchen.de/59685/ ).

19. James J. Wayne, 2014. “Tragedy of Commonly-shared Debts”, working paper, Munich University Library, Munich Personal RePEc Archive, 59712 (http://mpra.ub.uni-muenchen.de/59712/ ).

20. Robert H. Frank & Ben S. Bernanke, 2003. “Principles of Economics”, Irwin/McGraw