= Genetic algorithms in economics
{wiki=Genetic_algorithms_in_economics}
Genetic algorithms (GAs) are a type of optimization and search technique inspired by the principles of natural selection and genetics. In the context of economics, genetic algorithms are used to solve complex problems involving optimization, simulation, and decision-making. \#\#\# Key Concepts of Genetic Algorithms: 1. **Population**: A GA begins with a group of potential solutions to a problem, known as the population. Each individual in this population represents a possible solution.
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