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Adaptive Learning by Genetic Algorithms

Name: Adaptive Learning by Genetic Algorithms
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 01566899
Price: 40911 HUF
Availability: InStock
Author: Herbert Dawid
ISBN: 9783540656074

Analytical Results and Applications to Economic Models

Herbert Dawid

Language

English

Book Hardback

Libristo code: 01566899

Publishers Springer-Verlag Berlin and Heidelberg GmbH & Co. KG, April 1999

This book deals with the learning behavior of boundedly rational agents in economic systems. In part... Full description

Libristo code: 01566899

271 b

40 911 Ft

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This book deals with the learning behavior of boundedly rational agents in economic systems. In particular, the modeling of learning populations by genetic algorithms is studied in detail. After an extensive review and discussion of the existing literature in the first part, a mathematical analysis of the dynamic properties of genetic algorithm learning in the general framework of systems with a state dependent fitness function is provided. It is shown that co-evolutionary economic models typically fall into this class and the usefulness of the analytical results derived is illustrated in several game theoretic and microeconomic models. The mathematical analysis is complemented by extensive simulation analyses. The last part of the book demonstrates how the obtained theory may be used to design the algorithm such that the learning of equilibria of the economic system is facilitated.