Applied Computational Intelligence for finance and economics

This article introduces some relevant research works on computational intelligence applied to finance and economics. The objective is to offer an appropriate context and a starting point for those who are new to computational intelligence in finance and economics and to give an overview of the most recent works. A classification with five different main areas is presented. Those areas are related with different applications of the most modern computational intelligence techniques showing a new perspective for approaching finance and economics problems. Each research area is described with several works and applications. Finally, a review of the research works selected for this special issue is given.Publicad

The Novel Approach of Adaptive Twin Probability for Genetic Algorithm

The performance of GA is measured and analyzed in terms of its performance parameters against variations in its genetic operators and associated parameters. Since last four decades huge numbers of researchers have been working on the performance of GA and its enhancement. This earlier research work on analyzing the performance of GA enforces the need to further investigate the exploration and exploitation characteristics and observe its impact on the behavior and overall performance of GA. This paper introduces the novel approach of adaptive twin probability associated with the advanced twin operator that enhances the performance of GA. The design of the advanced twin operator is extrapolated from the twin offspring birth due to single ovulation in natural genetic systems as mentioned in the earlier works. The twin probability of this operator is adaptively varied based on the fitness of best individual thereby relieving the GA user from statically defining its value. This novel approach of adaptive twin probability is experimented and tested on the standard benchmark optimization test functions. The experimental results show the increased accuracy in terms of the best individual and reduced convergence time.Comment: 7 pages, International Journal of Advanced Studies in Computer Science and Engineering (IJASCSE), Volume 2, Special Issue 2, 201

Embodied Evolution in Collective Robotics: A Review

This paper provides an overview of evolutionary robotics techniques applied to on-line distributed evolution for robot collectives -- namely, embodied evolution. It provides a definition of embodied evolution as well as a thorough description of the underlying concepts and mechanisms. The paper also presents a comprehensive summary of research published in the field since its inception (1999-2017), providing various perspectives to identify the major trends. In particular, we identify a shift from considering embodied evolution as a parallel search method within small robot collectives (fewer than 10 robots) to embodied evolution as an on-line distributed learning method for designing collective behaviours in swarm-like collectives. The paper concludes with a discussion of applications and open questions, providing a milestone for past and an inspiration for future research.Comment: 23 pages, 1 figure, 1 tabl

A MOS-based Dynamic Memetic Differential Evolution Algorithm for Continuous Optimization: A Scalability Test

Continuous optimization is one of the areas with more activity in the field of heuristic optimization. Many algorithms have been proposed and compared on several benchmarks of functions, with different performance depending on the problems. For this reason, the combination of different search strategies seems desirable to obtain the best performance of each of these approaches. This contribution explores the use of a hybrid memetic algorithm based on the multiple offspring framework. The proposed algorithm combines the explorative/exploitative strength of two heuristic search methods that separately obtain very competitive results. This algorithm has been tested with the benchmark problems and conditions defined for the special issue of the Soft Computing Journal on Scalability of Evolutionary Algorithms and other Metaheuristics for Large Scale Continuous Optimization Problems. The proposed algorithm obtained the best results compared with both its composing algorithms and a set of reference algorithms that were proposed for the special issue

What is Computational Intelligence and where is it going?

What is Computational Intelligence (CI) and what are its relations with Artificial Intelligence (AI)? A brief survey of the scope of CI journals and books with ``computational intelligence'' in their title shows that at present it is an umbrella for three core technologies (neural, fuzzy and evolutionary), their applications, and selected fashionable pattern recognition methods. At present CI has no comprehensive foundations and is more a bag of tricks than a solid branch of science. The change of focus from methods to challenging problems is advocated, with CI defined as a part of computer and engineering sciences devoted to solution of non-algoritmizable problems. In this view AI is a part of CI focused on problems related to higher cognitive functions, while the rest of the CI community works on problems related to perception and control, or lower cognitive functions. Grand challenges on both sides of this spectrum are addressed

Local search: A guide for the information retrieval practitioner

There are a number of combinatorial optimisation problems in information retrieval in which the use of local search methods are worthwhile. The purpose of this paper is to show how local search can be used to solve some well known tasks in information retrieval (IR), how previous research in the field is piecemeal, bereft of a structure and methodologically flawed, and to suggest more rigorous ways of applying local search methods to solve IR problems. We provide a query based taxonomy for analysing the use of local search in IR tasks and an overview of issues such as fitness functions, statistical significance and test collections when conducting experiments on combinatorial optimisation problems. The paper gives a guide on the pitfalls and problems for IR practitioners who wish to use local search to solve their research issues, and gives practical advice on the use of such methods. The query based taxonomy is a novel structure which can be used by the IR practitioner in order to examine the use of local search in IR