Today, Ludo presented his research under the title ‘An Algorithm for Calculating the Long-Run Behavior of Genetic Algorithms in Economic Modeling’. Ludo first gave a brief overview of the research topic with which he is concerned. This is the topic of economic modeling using genetic algorithms. Ludo then discussed, at an informal level, the theoretical results that he has obtained. From these results, an algorithm can be derived that makes it possible to calculate the long-run behavior of genetic algorithms in economic modeling. Finally, Ludo discussed the application of this algorithm to a frequently cited study by Robert Axelrod (1987) on genetic algorithm modeling in iterated prisoner’s dilemmas.
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