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Adaptive learning by genetic algorithms
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An analysis of the learning behavior of genetic algorithms in economic systems with mutual interaction, such as markets. These systems are characterized by a state-dependent fitness function and - for the first time - mathematical results characterizing the long-term outcome of genetic learning in such systems are provided. The usefulness of such results is illustrated by many simulations in evolutionary games and economic models.
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Adaptive learning by genetic algorithms, Herbert Dawid
- Language
- Released
- 1996
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- Title
- Adaptive learning by genetic algorithms
- Language
- English
- Authors
- Herbert Dawid
- Publisher
- Springer
- Released
- 1996
- ISBN10
- 354061513X
- ISBN13
- 9783540615132
- Series
- Lecture notes in economics and mathematical systems
- Category
- Technology / Engineering
- Description
- An analysis of the learning behavior of genetic algorithms in economic systems with mutual interaction, such as markets. These systems are characterized by a state-dependent fitness function and - for the first time - mathematical results characterizing the long-term outcome of genetic learning in such systems are provided. The usefulness of such results is illustrated by many simulations in evolutionary games and economic models.