Abstract
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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