Genetic algorithms in economics: Difference between revisions

Revision as of 22:00, 13 November 2012

Revision as of 19:15, 2 December 2012

Line 2:

{{Main|genetic algorithm}}

'''[[Genetic algorithm]]s''' have increasingly been applied to economics oversince the lastpioneering twowork decadesby John H.{{when?|date=April 2012}}Miller in 1986. It has been used to characterize a variety of models including the [[cobweb model]], the [[overlapping generations model]], [[game theory]], [[Genetic algorithm scheduling|schedule optimization]] and [[asset pricing]]. Specifically, it has been used as a model to represent learning, rather than as a means for fitting a model.

== Genetic algorithm in the cobweb model ==

Line 13:

== References ==

* J H Miller, 'A Genetic Model of Adaptive Economic Behavior', University of Michigan working paper, 1986.

* J Arifovic, 'Genetic Algorithm Learning and the Cobweb Model ', Journal of Economic Dynamics and Control, vol. 18, Issue 1, (January 1994), 3–28.

* J Arifovic, 'Learning by Genetic Algorithm in Economic Environments', PhD Thesis, University of Chicago, 1991.

* J Arifovic______, 'Genetic Algorithm Learning and the Cobweb Model ', Journal of Economic Dynamics and Control, vol. 18, Issue 1, (January 1994), 3–28.

==External links==