Andreasen, Martin Møller - School of Economics and Management, University of Aarhus - 2008
-ES routine clearly outperforms Simulated Annealing in its ability to find the global optimum and in efficiency. With 10 unknown … structural parameters in the likelihood function, the CMA-ES routine finds the global optimum in 95% of our test economies … to 20 and 35, then the CMA-ES routine finds the global optimum in 85% and 71% of our test economies, respectively. The …