Title : 
Mean-field games and two-point boundary value problems
         
        
            Author : 
Mylvaganam, Thulasi ; Bauso, Dario ; Astolfi, Alessandro
         
        
            Author_Institution : 
Dept. of Electr. & Electron. Eng., Imperial Coll. London, London, UK
         
        
        
        
        
        
            Abstract : 
A large population of agents seeking to regulate their state to values characterized by a low density is considered. The problem is posed as a mean-field game, for which solutions depend on two partial differential equations, namely the Hamilton-Jacobi-Bellman equation and the Fokker-Plank-Kolmogorov equation. The case in which the distribution of agents is a sum of polynomials and the value function is quadratic is considered. It is shown that a set of ordinary differential equations, with two-point boundary value conditions, can be solved in place of the more complicated partial differential equations associated with the problem. The theory is illustrated by a numerical example.
         
        
            Keywords : 
Fokker-Planck equation; boundary-value problems; game theory; multi-agent systems; partial differential equations; polynomials; Fokker-Plank-Kolmogorov equation; Hamilton-Jacobi-Bellman equation; agents; mean-field games; ordinary differential equations; partial differential equations; polynomials; quadratic value function; two-point boundary value problems; Boundary value problems; Equations; Games; History; Robustness; Sociology; Statistics;
         
        
        
        
            Conference_Titel : 
Decision and Control (CDC), 2014 IEEE 53rd Annual Conference on
         
        
            Conference_Location : 
Los Angeles, CA
         
        
            Print_ISBN : 
978-1-4799-7746-8
         
        
        
            DOI : 
10.1109/CDC.2014.7039806