Document Type



This article provides a new understanding of stock market price fluctuations, applying the concepts of quantum physics. This new approach challenges traditional theories of stock price movement, such as Random Walk, finding them antiquated and incomplete. The paper compares the stock price fluctuations to the quantum movement of particles. Specifically, the movement of stock prices on the NASDAQ index is fitted to a curve derived from Plank's equation for black body radiation. The market is ultimately found to be not totally reactive nor random, but taking on an emergent quality. This independent movement is not expected from the interaction of individual traders. These results are astonishing as they are contrary to the prevalent reactive view of market price movement and suggest a radically new understanding of the market. A parallel to human consciousness is drawn to help explain this new understanding. Ultimately, this article is meant to provide a new perspective on the stock market and not as an exhaustive theory of it.