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with different preferences. We show that such flexible and powerful bargaining agents can be obtained using the combination … of finite automata and evolutionary algorithms (EAs). Finite automata allow the bargaining agents to behave differently … against different opponents. EAs can be used to adapt the agents' bargaining strategies (consisting of finite automata) in …
Persistent link: https://www.econbiz.de/10005345571
A genetic algorithm is convergent when genetic mutations occur on the objective function gradient direction. These genetic mutations are called genetic acquisitions (Mateescu, 2005). We improved the algorithm and its implementation by using the characteristics of parents in order to generate new...
Persistent link: https://www.econbiz.de/10008492972
Evolutionary algorithms represent a powerful tool for a wide set of problems, based on biological principles. The main goal of this article is to underline the principle of genetic acquisitions. To do this, we will use mutations with respect to the gradient of an objective function.
Persistent link: https://www.econbiz.de/10005612288
Este artículo pretende proporcionar un panorama general de la computación evolutiva, sus orígenes, sus paradigmas principales y algunas de sus aplicaciones en Economía y Finanzas. Se discuten, entre otras cosas, los descubrimientos científicos más importantes que originaron el denominado...
Persistent link: https://www.econbiz.de/10005634771
Persistent link: https://www.econbiz.de/10005345373
This paper applies a social learning model to the optimal consumption rule of Allen & Carroll (2001), and delivers convincing convergence dynamics towards the optimal rule. These findings constitute a significant improvement regarding previous results in the literature, both in terms of speed of...
Persistent link: https://www.econbiz.de/10010860427
The ultimatum game is (in)famous for its `anomalies': The outcomes of laboratory experiments are very different from the results generated by traditional game theory. This paper aims to find to what extent these discrepancies between theory and experiments can be explained by the effects of...
Persistent link: https://www.econbiz.de/10005345615
The paper presents an extended version of the consumer choice problem. Different from the standard model, prices are not fixed but arise from Walrasian interactions of total demand and a stylized supply function for each of the goods. Three different types of evolutionary algorithms are set up...
Persistent link: https://www.econbiz.de/10005606993
We analyze a situation where a Principal does not necessarily have all the bargaining power while negotiating a …
Persistent link: https://www.econbiz.de/10010823261
En este trabajo se analizan y comparan diferentes técnicas para el diseño de clusters no jerárquico. Este análisis resulta interesante pues entre las técnicas comparadas se incluyen la usada por un conocido paquete estadístico y una serie de técnicas novedosas. Entre éstas destacan...
Persistent link: https://www.econbiz.de/10005814479