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Comprehensive Review of Deep Reinforcement Learning Methods and Applications in Economics

arXiv 2004.01509 ↗First posted 21 Mar 2020q-fin.ST cs.LG econ.GNcited by 23

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Abstract (arXiv)

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.

Key facts. Cited by 23 papers in the map (data through 7 Oct 2026). First posted on arXiv 21 Mar 2020.

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Citing papers per year: 2021: 1; 2022: 11; 2023: 3; 2024: 6; 2025: 2.

23 papers.

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  1. 2021Recent Advances in Reinforcement Learning in Financecited by 102
  2. 2023TorchRL: A data-driven decision-making library for PyTorchcited by 59
  3. 2022Unsupervised Representation Learning in Deep Reinforcement Learning: A Reviewcited by 18
  4. 2022Policy Gradients using Variational Quantum Circuitscited by 15
  5. 2024The Evolution of Reinforcement Learning in Quantitative Finance: A Surveycited by 11
  6. 2024A Behavior-Aware Approach for Deep Reinforcement Learning in Non-stationary Environments without Known Change Pointscited by 5
  7. 2022Reinforcement Learning for Economic Policy: A New Frontier?cited by 4
  8. 2024Forecasting Company Fundamentalscited by 3
  9. 2022Balancing Profit, Risk, and Sustainability for Portfolio Managementcited by 2
  10. 2023Systematic Review on Reinforcement Learning in the Field of Fintechcited by 2
  11. 2022Profitable Strategy Design by Using Deep Reinforcement Learning for Trades on Cryptocurrency Marketscited by 1
  12. 2022Systematic review of deep learning and machine learning for building energycited by 1
11 more
  1. 2022Fraud Analytics: A Decade of Research -- Organizing Challenges and Solutions in the Fieldcited by 1
  2. 2023Understanding Reinforcement Learning Algorithms: The Progress from Basic Q-learning to Proximal Policy Optimizationcited by 1
  3. 2024In Silico Sociology: Forecasting COVID-19 Polarization with Large Language Modelscited by 1
  4. 2024Deep Reinforcement Learning Agents for Strategic Production Policies in Microeconomic Market Simulationscited by 1
  5. 2022Integration of neural network and fuzzy logic decision making compared with bilayered neural network in the simulation of daily dew point temperaturecited by 0
  6. 2022Accurate Discharge Coefficient Prediction of Streamlined Weirs by Coupling Linear Regression and Deep Convolutional Gated Recurrent Unitcited by 0
  7. 2022Reinforcement Learning Policy Recommendation for Interbank Network Stabilitycited by 0
  8. 2022Comparative analysis of machine learning and numerical modeling for combined heat transfer in Polymethylmethacrylatecited by 0
  9. 2024Does Low Spoilage Under Cold Conditions Foster Cultural Complexity During the Foraging Era? -- A Theoretical and Computational Inquirycited by 0
  10. 2025From Individual Learning to Market Equilibrium: Correcting Structural and Parametric Biases in RL Simulations of Economic Modelscited by 0
  11. 2025Hi-DARTS: Hierarchical Dynamically Adapting Reinforcement Trading Systemcited by 0