Wednesday, April 8, 2015

The analogy between foreign exchange and lattice gauge theory was noted

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Beyond the Nanoworld: Quarks, Leptons, and Gauge Bosons

https://books.google.com/books?isbn=1439865213
H. G. Dosch - 2008 - ‎Science
To do so I shall have to return to the essence of gauge invariance. As an analogy, I shall discuss the introduction of a new currency, the euro, in several ... like a “global transformation” turned out to be a local transformation when seen as a whole. ... and after the introduction of the new currency, we need a conversion table.
  • [PDF]The symmetry and simplicity of the laws of physics ... - arXiv

    arxiv.org/pdf/1410.6753
    arXiv
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    by J Maldacena - ‎2014 - ‎Cited by 1 - ‎Related articles
    be a solid cylinder or a hollow cylinder, but both will roll smoothly on a table. ... The analogy between foreign exchange and lattice gauge theory was noted ... is euros. Suppose that the exchange rate posted by the bank at the bridge between two ... day the local government decides that they will change their currency units.
  • [PDF]Gauge transforms in stochastic investment modelling.

    www.actuaries.org/.../Smith_Speed.pd...
    International Actuarial Association
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    propose a set of alternative gauge transforms which enable statistical analysis to be ... The chart below shows the relation of the various approaches. In ... £100 and convert it first into Euros and then into Dollars, I should (absent transaction ...... tomorrow's American condoms rather than today's locally produced ones.
  • [PS]GAUGE PHYSICS OF FINANCE 1. Informal Sketch There is ...

    www.phy.bme.hu/.../...
    Budapest University of Technology and Economics

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    The symmetry and simplicity of the
    laws of physics and the Higgs boson
    Juan Maldacena
    Institute for Advanced Study, Princeton, NJ 08540, USA
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    sider this as Euro propaganda!). In the same way that money .... late), which is the existence of a local gauge invariance with the dilatation. gauge group. .... below to various swap rates, exchange rates, discount factors for assets. 2.1.1. Fibres.

     
    In physics, we imagine that this story about countries and exchange rates is happening
    at very, very short distances, much shorter than the ones we can measure today. When we
    look at any physical system, even empty space, we are looking at all these countries from
    very far away, so that they look like a continuum. See gure 8. When an electron is moving
    in the vacuum, it is seamlessly moving from a point in spacetime to the next. In the very
    microscopic description, it would be constantly changing between the di erent countries,
    changing the money it is carrying, and becoming \richer" in the process. In physics we
    do not know whether there is an underlying discrete structure like the countries we have
    described. However, when we do computations in gauge theories we often assume a discrete
    structure like this one and then take the continuum limit when all the countries are very
     
     
    Electromagnetism is based on a similar gauge symmetry. In fact, at each point in
    spacetime the symmetry corresponds to the symmetry of rotations of a circle. One way
    to picture it is to imagine that at each point in spacetime we have an extra circle, an
    extra dimension. See gure 9(a). The \country" that is located at each point in spacetime
    chooses a way to de ne angles on this extra circle in an independent way. More precisely,
    each \country" chooses a point on the circle that they call \zero angle" and then describe
    the position of any other point in terms of the angle relative to this point. This is like
    choosing the currency in the economic example. Now, in physics, we do not know whether
    this circle is real. We do not know if indeed there is an extra dimension. All we know
    is that the symmetry is similar to the symmetry we would have if there was an extra
    dimension. In physics we like to make as few assumptions as possible. An extra dimension
    is not a necessary assumption, only the symmetry is. Also the only relevant quantities
    are the magnetic potentials which tell us how the position of a particle in the extra circle
    changes as we go from one point in spacetime to its neighbor.

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