Can Computers Have Sentiments? The Case of Risk Aversion and Utility for Wealth

  • Authors:
  • George G. Szpiro

  • Affiliations:
  • -

  • Venue:
  • ECAL '99 Proceedings of the 5th European Conference on Advances in Artificial Life
  • Year:
  • 1999

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Abstract

Genetic algorithms display at least one characteristic that is typical of the economic behavior of human decision-makers. I show that if a choice problem involves uncertainty, genetic algorithms may produce results that are consistent with an aversion to risk.