• DocumentCode
    114742
  • Title

    Opinion dynamics in coalitional games with transferable utilities

  • Author

    Bauso, Dario ; Basar, Tamer

  • Author_Institution
    DICGIM, Univ. di Palermo, Palermo, Italy
  • fYear
    2014
  • fDate
    15-17 Dec. 2014
  • Firstpage
    2094
  • Lastpage
    2099
  • Abstract
    This paper studies opinion dynamics in a large number of homogeneous coalitional games with transferable utilities (TU), where the characteristic function is a continuous-time stochastic process. For each game, which we can see as a “small world”, the players share opinions on how to allocate revenues based on the mean-field interactions with the other small worlds. As a result of such mean-field interactions among small worlds, in each game, a central planner allocates revenues based on the extra reward that a coalition has received up to the current time and the extra reward that the same coalition has received in the other games. The paper also studies the convergence and stability of opinions on allocations via stochastic stability theory.
  • Keywords
    continuous time systems; game theory; stochastic processes; central planner; characteristic function; continuous-time stochastic process; homogeneous coalitional games; mean-field interactions; opinion dynamics; revenue allocation; stochastic stability theory; transferable utilities; Equations; Games; Mathematical model; Resource management; Robustness; Stability analysis; Stochastic processes;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Decision and Control (CDC), 2014 IEEE 53rd Annual Conference on
  • Conference_Location
    Los Angeles, CA
  • Print_ISBN
    978-1-4799-7746-8
  • Type

    conf

  • DOI
    10.1109/CDC.2014.7039707
  • Filename
    7039707