When you combine nature’s efficiency and the computer’sspeed, the financial possibilities are almost limitless.Today’s traders and investment analysts require faster,sleeker weaponry in today’s ruthless financial marketplace.Battles are now waged at computer speed, with skirmishes lastingnot days or weeks, but mere hours. In his series of influentialarticles, Richard Bauer has shown why these professionals must addnew computerized decision-making tools to their arsenal if they areto succeed. In Genetic Algorithms and Investment Strategies, heuniquely focuses on the most powerful weapon of all, revealing howthe speed, power, and flexibility of GAs can help them consistentlydevise winning investment strategies. The only book to demonstratehow GAs can work effectively in the world of finance, it firstdescribes the biological and historical bases of GAs as well asother computerized approaches such as neural networks and chaostheory. It goes on to compare their uses, advantages, and overallsuperiority of GAs. In subsequently presenting a basic optimizationproblem, Genetic Algorithms and Investment Strategies outlines theessential steps involved in using a GA and shows how it mimicsnature’s evolutionary process by moving quickly toward anear-optimal solution. Introduced to advanced variations ofessential GA procedures, readers soon learn how GAs can be used to: * Solve large, complex problems and smaller sets of problems * Serve the needs of traders with widely different investmentphilosophies * Develop sound market timing trading rules in the stock and bondmarkets * Select profitable individual stocks and bonds * Devise powerful portfolio management systems Complete with information on relevant software programs, a glossaryof GA terminology, and an extensive bibliography coveringcomputerized approaches and market timing, Genetic Algorithms andInvestment Strategies unveils in clear, nontechnical language aremarkably efficient strategic decision-making process that, whenimaginatively used, enables traders and investment analysts to reapsignificant financial rewards.
Book Details:
- Author: Richard J. Bauer
- ISBN: 9780471576792
- Year Published: 1994
- Pages: 320
- BISAC: BUS036000, BUSINESS & ECONOMICS/Investments & Securities / General
About the Book and Topic:
When you combine nature’s efficiency and the computer’sspeed, the financial possibilities are almost limitless.Today’s traders and investment analysts require faster,sleeker weaponry in today’s ruthless financial marketplace.Battles are now waged at computer speed, with skirmishes lastingnot days or weeks, but mere hours. In his series of influentialarticles, Richard Bauer has shown why these professionals must addnew computerized decision-making tools to their arsenal if they areto succeed. In Genetic Algorithms and Investment Strategies, heuniquely focuses on the most powerful weapon of all, revealing howthe speed, power, and flexibility of GAs can help them consistentlydevise winning investment strategies. The only book to demonstratehow GAs can work effectively in the world of finance, it firstdescribes the biological and historical bases of GAs as well asother computerized approaches such as neural networks and chaostheory. It goes on to compare their uses, advantages, and overallsuperiority of GAs. In subsequently presenting a basic optimizationproblem, Genetic Algorithms and Investment Strategies outlines theessential steps involved in using a GA and shows how it mimicsnature’s evolutionary process by moving quickly toward anear-optimal solution. Introduced to advanced variations ofessential GA procedures, readers soon learn how GAs can be used to: * Solve large, complex problems and smaller sets of problems * Serve the needs of traders with widely different investmentphilosophies * Develop sound market timing trading rules in the stock and bondmarkets * Select profitable individual stocks and bonds * Devise powerful portfolio management systems Complete with information on relevant software programs, a glossaryof GA terminology, and an extensive bibliography coveringcomputerized approaches and market timing, Genetic Algorithms andInvestment Strategies unveils in clear, nontechnical language aremarkably efficient strategic decision-making process that, whenimaginatively used, enables traders and investment analysts to reapsignificant financial rewards.
About the Author
About the author RICHARD J. BAUER, JR., is a Certified Financial Analyst as well as an MBA Program Director and Professor in the School of Business and Administration at St. Mary’s University in San Antonio, Texas. The author and coauthor of several papers on genetic algorithms, artificial intelligence, and computerized trading strategies, he is a contributor to the book, Expert Systems in Finance.