Title :
On first passage time problems in collective decision-making with heterogeneous agents
Author :
Srivastava, Vaibhav ; Leonard, Naomi Ehrich
Author_Institution :
Dept. of Mech. & Aerosp. Eng., Princeton Univ., Princeton, NJ, USA
Abstract :
We study first passage time problems in collective decision-making using the context of two alternative choice tasks. The properties of the first passage time of a high dimensional stochastic process are hard to compute. For a class of stochastic processes governed by coupled linear stochastic differential equations, we develop reduced order models that are amenable to efficient computation of the properties of the first passage time. We use the proposed reduced model to study collective decision-making in heterogeneous cooperative networks and leader-follower networks.
Keywords :
decision making; linear differential equations; reduced order systems; stochastic processes; alternative choice tasks; collective decision-making; coupled linear stochastic differential equations; first passage time problems; first passage time properties; heterogeneous agents; heterogeneous cooperative networks; high dimensional stochastic process; leader-follower networks; reduced order models; Approximation methods; Context; Cooperative systems; Decision making; Mathematical model; Numerical models; Stochastic processes;
Conference_Titel :
American Control Conference (ACC), 2015
Conference_Location :
Chicago, IL
Print_ISBN :
978-1-4799-8685-9
DOI :
10.1109/ACC.2015.7171045