Fusing non-conservative kinetic market models and evolutionary computing

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dc.contributor.authorLuquini E.
dc.contributor.authorMontagna G.
dc.contributor.authorOmar N.
dc.date.accessioned2024-03-12T23:50:37Z
dc.date.available2024-03-12T23:50:37Z
dc.date.issued2020
dc.description.abstract© 2019This research establishes an identity between kinetic market models of econophysics and evolutionary algorithms of computer science. The fusion between the two approaches motivated a new market model with two basic operations: sampling and selection of states. The result is a non-conservative market that depends on the size of the sample set and the approach used to approximate the principle of energy conservation. This market exhibits complex dynamics with random walks for the sum of all the agents’ money and a scaling behavior for the money distribution in the population. Moreover, the fusion demonstrates how to add an evolutionary context to the kinetic market models and suggests a quasi-equilibrium version of those models. As a by-product, the work reveals a practical application as a new replacement rule for family competition evolutionary algorithms, which outperforms traditional ones in challenging combinatorial optimization problems.
dc.description.volume537
dc.identifier.doi10.1016/j.physa.2019.122606
dc.identifier.issn0378-4371
dc.identifier.urihttps://dspace.mackenzie.br/handle/10899/35130
dc.relation.ispartofPhysica A: Statistical Mechanics and its Applications
dc.rightsAcesso Restrito
dc.subject.otherlanguageCombinatorial optimization
dc.subject.otherlanguageEvolutionary algorithm
dc.subject.otherlanguageMoney distribution
dc.subject.otherlanguageNon-conservative kinetic market models
dc.subject.otherlanguagePopulation diversity
dc.subject.otherlanguageRandom walk
dc.titleFusing non-conservative kinetic market models and evolutionary computing
dc.typeArtigo
local.scopus.citations2
local.scopus.eid2-s2.0-85072244765
local.scopus.subjectCombinatorial optimization problems
local.scopus.subjectEvolutionary computing
local.scopus.subjectMarket model
local.scopus.subjectMoney distribution
local.scopus.subjectPopulation diversity
local.scopus.subjectPrinciple of energy conservation
local.scopus.subjectQuasi equilibrium
local.scopus.subjectRandom Walk
local.scopus.updated2024-05-01
local.scopus.urlhttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85072244765&origin=inward
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