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6 - Artificial Evolution

from Part II - Complementary Topics and Discussions

Published online by Cambridge University Press:  28 October 2021

Ruben Mercado
Ruben Mercado
Affiliation:
Latin American Faculty of Social Sciences
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Summary

Chapter 6 discusses the topic of artificial evolution. First, it introduces the concept of extrinsic adaptation and illustrates it through simple examples of genetic algorithms. It then introduces the concept of intrinsic adaptation and illustrates it through examples of evolution in artificial markets. Finally, introduces some basic concepts of the science of evolution related to genetic dynamic and natural selection, and presents and discusses the scope and limitations of the uses of evolutionary theory concepts and method in economics.

Keywords

artificial evolutiongenetic algorithmsextrinsic adaptationintrinsic adaptationscience of evolutionsocial Darwinismevolutionary economics
Type
Chapter
Information
Artificial Economics
Methods, Models, and Interdisciplinary Links
 , pp. 93 - 102
Publisher: Cambridge University Press
Print publication year: 2021

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