Nonasymptotic mean-field games

Handle URI:
http://hdl.handle.net/10754/575829
Title:
Nonasymptotic mean-field games
Authors:
Tembine, Hamidou
Abstract:
Mean-field games have been studied under the assumption of very large number of players. For such large systems, the basic idea consists to approximate large games by a stylized game model with a continuum of players. The approach has been shown to be useful in some applications. However, the stylized game model with continuum of decision-makers is rarely observed in practice and the approximation proposed in the asymptotic regime is meaningless for networked systems with few entities. In this paper we propose a mean-field framework that is suitable not only for large systems but also for a small world with few number of entities. The applicability of the proposed framework is illustrated through a dynamic auction with asymmetric valuation distributions.
KAUST Department:
Computer, Electrical and Mathematical Sciences and Engineering (CEMSE) Division
Publisher:
Elsevier BV
Journal:
IFAC Proceedings Volumes
Conference/Event name:
Proceedings of the 19th IFAC World Congress, 2014
Issue Date:
Dec-2014
DOI:
10.3182/20140824-6-ZA-1003.01869
Type:
Conference Paper
ISSN:
14746670
ISBN:
9783902823625
Appears in Collections:
Conference Papers; Computer, Electrical and Mathematical Sciences and Engineering (CEMSE) Division

Full metadata record

DC FieldValue Language
dc.contributor.authorTembine, Hamidouen
dc.date.accessioned2015-08-24T09:27:18Zen
dc.date.available2015-08-24T09:27:18Zen
dc.date.issued2014-12en
dc.identifier.isbn9783902823625en
dc.identifier.issn14746670en
dc.identifier.doi10.3182/20140824-6-ZA-1003.01869en
dc.identifier.urihttp://hdl.handle.net/10754/575829en
dc.description.abstractMean-field games have been studied under the assumption of very large number of players. For such large systems, the basic idea consists to approximate large games by a stylized game model with a continuum of players. The approach has been shown to be useful in some applications. However, the stylized game model with continuum of decision-makers is rarely observed in practice and the approximation proposed in the asymptotic regime is meaningless for networked systems with few entities. In this paper we propose a mean-field framework that is suitable not only for large systems but also for a small world with few number of entities. The applicability of the proposed framework is illustrated through a dynamic auction with asymmetric valuation distributions.en
dc.publisherElsevier BVen
dc.titleNonasymptotic mean-field gamesen
dc.typeConference Paperen
dc.contributor.departmentComputer, Electrical and Mathematical Sciences and Engineering (CEMSE) Divisionen
dc.identifier.journalIFAC Proceedings Volumesen
dc.conference.date2014-08-24en
dc.conference.nameProceedings of the 19th IFAC World Congress, 2014en
dc.conference.locationCape Town International Convention Centre, Cape Town, South Africaen
kaust.authorTembine, Hamidouen
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