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
Link To Document