as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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describe the general idea behind genetic algorithms.
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genetic algorithms are a type of optimization algorithm that uses principles of evolution and natural selection to find solutions to problems. a genetic algorithm starts with a population of solutions and applies genetic operators such as mutation, selection, and crossover to create new solutions which are evaluated against a fitness function. the most fit solutions are kept and the process is repeated until suitable solutions are found.
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