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This paper studies a linear-quadratic mean-field game of stochastic large-population system, where the large-population system satisfies a class of $N$ weakly coupled linear backward stochastic differential equation. Different from the…

最优化与控制 · 数学 2024-12-02 Yu Si , Jingtao Shi

Stochastic games are an important class of problems that generalize Markov decision processes to game theoretic scenarios. We consider finite state two-player zero-sum stochastic games over an infinite time horizon with discounted rewards.…

最优化与控制 · 数学 2008-06-17 Parikshit Shah , Pablo A. Parrilo

We propose a sequential optimizing betting strategy in the multi-dimensional bounded forecasting game in the framework of game-theoretic probability of Shafer and Vovk (2001). By studying the asymptotic behavior of its capital process, we…

概率论 · 数学 2011-02-16 Masayuki Kumon , Akimichi Takemura , Kei Takeuchi

We present a quantitative theory, based on crowd effects, for the market volatility in a Minority Game played by a mixed population. Below a critical concentration of generalized strategy players, we find that the volatility in the crowded…

凝聚态物理 · 物理学 2009-10-31 P. Jefferies , M. Hart , N. F. Johnson , P. M. Hui

We present a novel method to compute \emph{permissive winning strategies} in two-player games over finite graphs with $ \omega $-regular winning conditions. Given a game graph $G$ and a parity winning condition $\Phi$, we compute a…

计算机科学与博弈论 · 计算机科学 2024-01-23 Ashwani Anand , Satya Prakash Nayak , Anne-Kathrin Schmuck

This paper investigates the so-called asymptotic solvability problem in linear quadratic (LQ) mean field games. The model has asymptotic solvability if for all sufficiently large population sizes, the corresponding game has a set of…

最优化与控制 · 数学 2018-11-02 Minyi Huang , Mengjie Zhou

We use the cavity method from statistical physics for analyzing the transient and stationary dynamics of a minority game that is played by agents performing market arbitrage. On the level of linear response the method allows to include the…

交易与市场微观结构 · 定量金融 2022-06-09 Tim Ritmeester , Hildegard Meyer-Ortmanns

In this work, we attempt to bridge the two fields of finite-agent and infinite-agent games, by studying how the optimal policies of agents evolve with the number of agents (population size) in mean-field games, an agent-centric perspective…

机器学习 · 计算机科学 2023-02-08 Pengdeng Li , Xinrun Wang , Shuxin Li , Hau Chan , Bo An

We introduce and study a model stemming from game theory for the spread of an epidemic throughout a given population. Each agent is allowed to choose an action whose value dictates to what extent they limit their social interactions, if at…

概率论 · 数学 2023-03-20 Sayar Karmakar , Moumanti Podder , Souvik Roy , Soumyarup Sadhukhan

Mean field games are studied by means of the weak formulation of stochastic optimal control. This approach allows the mean field interactions to enter through both state and control processes and take a form which is general enough to…

概率论 · 数学 2015-04-09 Rene Carmona , Daniel Lacker

In the multiarmed bandit problem a gambler chooses an arm of a slot machine to pull considering a tradeoff between exploration and exploitation. We study the stochastic bandit problem where each arm has a reward distribution supported in a…

统计理论 · 数学 2013-03-29 Junya Honda , Akimichi Takemura

It is known that the memory is relevant in the symmetric phase of the minority game. In our previous work we have successfully explained the quasi-periodic behavior of the game in the symmetric phase with the help of the probability theory.…

数据分析、统计与概率 · 物理学 2009-11-13 C. H. Hung , S. S. Liaw

We propose a payoff function extending Minority Games (MG) that captures the competition between agents to make money. In constrast with previous MG, the best strategies are not always targeting the minority but are shifting…

凝聚态物理 · 物理学 2009-11-07 Jorgen Vitting Andersen , Didier Sornette

In this paper we study the minority game in the presence of evolution. In particular, we examine the behavior in games in which the dimension of the strategy space, m, is the same for all agents and fixed for all time. We find that for all…

adap-org · 物理学 2009-10-31 Yi Li , Rick Riolo , Robert Savit

The \$-Game was recently introduced as an extension of the Minority Game. In this paper we compare this model with the well know Minority Game and the Majority Game models. Due to the inter-temporal nature of the market payoff, we introduce…

统计力学 · 物理学 2008-12-02 F. F. Ferreira , M. Marsili

We continue our study of evolution in minority games by examining games in which agents with poorly performing strategies can trade in their strategies for new ones from a different strategy space. In the context of the games discussed in…

adap-org · 物理学 2009-10-31 Yi Li , Rick Riolo , Robert Savit

Multi-agent complex systems comprising populations of decision-making particles, have many potential applications across the biological, informational and social sciences. We show that the time-averaged dynamics in such systems bear a…

物理与社会 · 物理学 2009-11-11 Neil F. Johnson , David M. D. Smith , Pak Ming Hui

We initiate the study of game dynamics in the population protocol model: $n$ agents each maintain a current local strategy and interact in pairs uniformly at random. Upon each interaction, the agents play a two-person game and receive a…

分布式、并行与集群计算 · 计算机科学 2024-05-21 Dan Alistarh , Krishnendu Chatterjee , Mehrdad Karrabi , John Lazarsfeld

We use the Minority Game as a testing frame for the problem of the emergence of diversity in socio-economic systems. For the MG with heterogeneous impacts, we show that the direct generalization of the usual agents' profit does not fit some…

交易与市场微观结构 · 定量金融 2014-01-20 Miroslav Pištěk , Frantisek Slanina

Financial markets are often driven by latent factors which traders cannot observe. Here, we address an algorithmic trading problem with collections of heterogeneous agents who aim to perform optimal execution or statistical arbitrage, where…

数理金融 · 定量金融 2019-04-02 Philippe Casgrain , Sebastian Jaimungal