🔑Genetic algorithms are optimization strategies that mimic natural selection.
🔑They generate solutions to problems and apply the principle of survival of the fittest.
🔑Key components include problem representation, fitness evaluation, selection, crossover, and mutation.
🔑Genetic algorithms can be used for various optimization problems, such as the traveling salesperson problem.
🔑The trade-off between exploitation and exploration affects the algorithm's ability to reach optimal solutions.