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Special Issue on Computational Intelligence in Economics and Finance by Shu-Heng Chen; Paul Wang is a scholarly article available to read on EtoBox.

## Special issue on computational intelligence in economics and finance All five of these papers are dealing with three active application areas of computational intelligence. The leading article by Armano et al. is an application of CI to financial engineering, more specifically, financial time series forecasting. The authors develop a guarded experts framework for the artificial neural networks. The idea of guarded experts is shown to have long been pursued throughout the history of machine learning. In this paper, the authors build the guards with the extended classifier system and evolve the system with genetic algorithms. When applying this hybrid system to trading, the authors show its superior performance relative to the buy-and-hold strategy. The next three papers contribute to agent-based artificial financial markets on different aspects. The paper by Izumi, Nakamura and Ueda pioneer a research direction for agent-based artificial financial markets, i.e., to ground the agent-based modeling in a field study of real investorsÔ behavior. It was shown that this evidence could lend support to using genetic algorithms to model the artificial adaptive traders. Kurumatani et al.'s

Author

Shu-Heng Chen; Paul Wang

Publisher

Elsevier Science; Elsevier ; Elsevier BV (ISSN 0020-0255)

Published

2005

Language

EN