Biologically Inspired Algorithms for Financial Modelling

Biologically inspired algorithms (BIA) has a special place in heuristic modeling in many different fields of computational sciences, for example in materials simulations, AI, operational research among many others. A recent book covers the area of Financial Modeling using BIAs. Chapters about corporate failure prediction using grammatical evolution and ant colony are quite interesting. I think topic of failure prediction is closely related to resilience of a financial institution, see my earlier blog entry.