The objective of this study is to review genetic algorithms, which arc evolution and natural genetic process based stochastic search and optimization techniques, and their financial applications. Tirsr, the concepts of evolutionar ' algorithms and genetic algortihms arc explained. Then, literature on the applications of genetic algorithms on finance is reviewed. Financial applications of genetic algoritms arc analyzed under t\\'o main headings: applications of generic algorithms in the field of corporarc finance and applications on financial market systems and financial economics. Although, there is an enormous literature on financial applications of genetic algorithms, applications on Turkish markets are c^uitc limited. With the review of the financial application of this algoithm it is intcnted to provide directions for Turkish researchers in this field.
Primary Language | English |
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Journal Section | Research Article |
Authors | |
Publication Date | November 1, 2005 |
Published in Issue | Year 2005 Volume: 3 Issue: 10 |