Genetic Algorithms and Investment Strategies (Hardcover)

Richard J. Bauer

ISBN 10: 0471576794 / ISBN 13: 9780471576792

Published by John Wiley & Sons Inc, New York, 1994

About this Item

Hardcover. When you combine nature's efficiency and the computer's speed, thefinancial possibilities are almost limitless. Today's traders andinvestment analysts require faster, sleeker weaponry in today'sruthless financial marketplace. Battles are now waged at computerspeed, with skirmishes lasting not days or weeks, but mere hours.In his series of influential articles, Richard Bauer has shown whythese professionals must add new computerized decision-making toolsto their arsenal if they are to succeed. In Genetic Algorithms andInvestment Strategies, he uniquely focuses on the most powerfulweapon of all, revealing how the speed, power, and flexibility ofGAs can help them consistently devise winning investmentstrategies. The only book to demonstrate how GAs can workeffectively in the world of finance, it first describes thebiological and historical bases of GAs as well as othercomputerized approaches such as neural networks and chaos theory.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 usedto: * 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. When you combine nature's efficiency and the computer's speed, 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 lasting not days or weeks, but mere hours. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.

Seller Inventory # 9780471576792

Bibliographic Details

• Title: Genetic Algorithms and Investment Strategies (Hardcover)
• Publisher: John Wiley & Sons Inc, New York
• Publication Date: 1994
• Language: English
• ISBN 10: 0471576794
• ISBN 13: 9780471576792
• Binding: Hardcover
• Edition: 1st Edition
• Condition: new

About this title

Synopsis

When you combine nature's efficiency and the computer's speed, thefinancial possibilities are almost limitless. Today's traders andinvestment analysts require faster, sleeker weaponry in today'sruthless financial marketplace. Battles are now waged at computerspeed, with skirmishes lasting not days or weeks, but mere hours.In his series of influential articles, Richard Bauer has shown whythese professionals must add new computerized decision-making toolsto their arsenal if they are to succeed. In Genetic Algorithms andInvestment Strategies, he uniquely focuses on the most powerfulweapon of all, revealing how the speed, power, and flexibility ofGAs can help them consistently devise winning investmentstrategies. The only book to demonstrate how GAs can workeffectively in the world of finance, it first describes thebiological and historical bases of GAs as well as othercomputerized approaches such as neural networks and chaos theory.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 usedto:
* 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.