Modeling the tail risk of crude oil futures using a quantum approach

Abstract This study proposes a quantum approach to measure the tail risk of crude oil futures. Based on the quantum harmonic oscillator (QHO) model, we first model the log return process of crude oil futures. From the equilibrium distribution of QHO model, we calculate the well-known tail risk measu...

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Bibliographic Details
Main Authors: Minhyuk Jeong, Kwangwon Ahn
Format: Article
Language:English
Published: Springer Nature 2024-12-01
Series:Humanities & Social Sciences Communications
Online Access:https://doi.org/10.1057/s41599-024-04221-9
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