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Comprehensive Review of Deep Reinforcement Learning Methods and Applications in Economics

2020-03-21 · Amir Mosavi, Pedram Ghamisi, Yaser Faghan, Puhong Duan

The popularity of deep reinforcement learning (DRL) methods in economics have been exponentially increased. DRL through a wide range of capabilities from reinforcement learning (RL) and deep learning (DL) for handling sophisticated dynamic business environments offers vast opportunities. DRL is characterized by scalability with the potential to be applied to high-dimensional problems in conjunction with noisy and nonlinear patterns of economic data. In this work, we first consider a brief review of DL, RL, and deep RL methods in diverse applications in economics providing an in-depth insight into the state of the art. Furthermore, the architecture of DRL applied to economic applications is investigated in order to highlight the complexity, robustness, accuracy, performance, computational tasks, risk constraints, and profitability. The survey results indicate that DRL can provide better performance and higher accuracy as compared to the traditional algorithms while facing real economic problems at the presence of risk parameters and the ever-increasing uncertainties.

📄 PDF Abstract BibTeX arXiv:2004.01509

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Deep Reinforcement Learningreinforcement-learningReinforcement LearningReinforcement Learning (RL)

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