What is it about?
Quantum computers promise a significant advantage over classical computers for many problems. We know that Monte Carlo simulations can run quadratically faster on quantum computers. But this is only true asymptotically. This paper studies the practical requirements of quantum advantage for the financial option pricing problem.
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Why is it important?
Monte Carlo simulations are universal and widely used across many fields. However, their speedup on quantum computers is less than exponential. This makes it an open question when, if ever, there will be an advantage in using quantum computers for that task.
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This page is a summary of: Quantum advantage of Monte Carlo option pricing, Journal of Physics Communications, May 2023, Institute of Physics Publishing,
DOI: 10.1088/2399-6528/acd2a4.
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