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Natural Computing in Computational Finance - Volume 3 (Paperback, 2010 ed.)
Loot Price: R4,209
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Natural Computing in Computational Finance - Volume 3 (Paperback, 2010 ed.)
Series: Studies in Computational Intelligence, 293
Expected to ship within 10 - 15 working days
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RecentyearshaveseentheapplicationofvariousNaturalComputing
algorithms for the purposes of ?nancial modelling. In this context
Natural Computing - gorithms can be broadly de?ned as computer
algorithms whose design draws inspirationfromphenomena in the
naturalworld. Particularfeatures of?nancial markets, including
their dynamic and interconnected characteristics, bear p- allels
with processes in the natural world and prima facie, this makes
Natural
Computingmethods'interesting'for?nancialmodellingapplications.
Inaddition to the problem-solving potential of natural processes
which Natural computing seeks to embody in its algorithms, we can
also consider Natural Computing in terms of its potential to
understand the natural processes which themselves serve as
inspiration. For example, ?nancial and biological systems exhibit
the phenomenon of emergence, or the activities of multiple
individual agents c- bining to co-evolve their own environment, and
a stream of work has emerged which applies learning mechanisms
drawn from Natural Computing algorithms for the purposes of
agent-based modelling in ?nance and economics. This book consists
of eleven chapters each of which was selected following a
rigorous,peer-reviewed,selectionprocess.
Thechaptersillustratetheapplication of a range of cutting-edge
natural computing and agent-based methodologies in computational
?nance and economics. While describing cutting edge appli- tions,
the chapters are written so that they are accessible to a wide
audience. Hence, they should be of interest to academics,students
and practitionersin the ?elds of computational ?nance and
economics.
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