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Genetic algorithms in economics
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<p><a href="/facts/Genetic_algorithm/WP2AFWuW">Genetic algorithms</a> have increasingly been applied to economics since the pioneering work by John H. Miller in 1986. It has been used to characterize a variety of models including the <a href="/facts/Cobweb_model/qy54bB3H">cobweb model</a>, the <a href="/facts/Overlapping_generations_model/J48G2xRd">overlapping generations model</a>, <a href="/facts/Game_theory/zkEIj1ya">game theory</a>, <a href="/facts/Genetic_algorithm_scheduling/pXlA7MkG">schedule optimization</a> and <a href="/facts/Asset_pricing/N40c5Ub1">asset pricing</a>. Specifically, it has been used as a model to represent learning, rather than as a means for fitting a model. </p>