A Purely Relational System Tames the Complexity of Financial Education

Posted: 26 Jul 2018 Last revised: 14 Jun 2020

See all articles by Alfredo Lacayo Evertsz

Alfredo Lacayo Evertsz

Florida International University - College of Business

Lizelia Bravo Boza

Qbit Solutions Research Team

Date Written: June 16, 2018

Abstract

We show how the worldline or 4D history of a financial investment, like a business, can be encoded within the bounds of a purely relational or closed-dynamical system (Barbour, 1996), see Fig. 1. The system’s macroscopic aspect is a continuously curved path while the microscopic scale is described by 12 superpositioned and time-reversible Nows called double-entries; the pixels of financial information. The structure is consistent with Mach’s principle of background independence, Schrödinger’s superposition (Schrödinger, 1935) and the Wheeler-Dewitt equation (Dewitt, 1967). It condenses thousands of pages of financial information into a single diagram of potentially evolving relations, see Fig. 2. This allows people to learn in less than 24 hours what would normally take at least 1 year with the traditional alternative (Pacioli, 1494). Results are based on solid empirical data. The new map may help alleviate the problem of financial literacy: two in every three adults worldwide are financially illiterate (GFLEC, 2014).

Keywords: shape dynamics, closed-dynamical systems, double-entry information, financial education

Suggested Citation

Lacayo Evertsz, Alfredo and Bravo Boza, Lizelia, A Purely Relational System Tames the Complexity of Financial Education (June 16, 2018). Available at SSRN: https://ssrn.com/abstract=3197650 or http://dx.doi.org/10.2139/ssrn.3197650

Alfredo Lacayo Evertsz (Contact Author)

Florida International University - College of Business ( email )

University Park
11200 SW 8th Street
Miami, FL 33199
United States

HOME PAGE: http://business.fiu.edu/centers/sbdc/consultants.cfm

Lizelia Bravo Boza

Qbit Solutions Research Team ( email )

1951 NW 7th Avenue
Cambridge Innovation Center (CIC)
Miami, FL 33136
United States

HOME PAGE: http://www.qbitsolutions.org

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