Jul

2

I recently came to the conclusion that a lot of quants come from the field of Operations Research. I noticed a paper of MFM Osbourne was also published in an Operations Research Journal. After a bit of research with in this space I came across an approach called "Metaheuristics."

I think its very relevant to this list. Mr. Jim Sogi once described The Chair's approach to thinking as "Neiderhoffian thought." E. O Wilson called it "Consilience." "Metaheuristics", "Neiderhoffian Thought" and "Consilience" are all related, in that, they champion the idea that we can come across novel solutions via thinking in analogies & metaphors.

There is a table of curated Metaheuristics. It has algorithms inspired by Ants, Buffaloes, Rivers, Art (yes, like paintings), Squirrels, Wasps and Korean TV Shows (Squid Game Optimizer).

The gem I am talking about is a book called Advanced Optimization by Nature-Inspired Algorithms, by Omid Bozorg-Haddad. The book has 15 Algorithms. Notable mentions are:

- League Championship Algorithm (Inspired by sports)
- Shark Smell Optimisation (Inspired by how sharks use their sense of smell to find prey)
- Ant Lion Optimizer (Inspired by how larvae of Antlions entrap prey)

I consider the book well written. Each of the 15 algorithms are described in 4 ways. For example, the Ant Lion Optimiser algorithm:

1) It's done in plain English to give you a verbal understanding of what the algorithm does.

2) It's done in mathematics so you can know how to better understand the algorithm in math notation.

Example of math description of ant-lion algorithm

3) It's described using flow charts.

4) It's described in pseudocode so you can better know how to code the algorithms up.

All the 15 algorithms are described in this way. This was something I appreciated so much.


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