This study investigates the connection between generalized logit dynamics (GLD) and discounted mean field games (MFG). The key contributions are:
Generalization of classical logit dynamics to a continuous action space, accounting for player heterogeneity through multiple groups. The well-posedness of the GLD is analyzed, and its solution is found to be a time-dependent probability measure.
Formulation of an MFG model with a discount, where the objective function to be maximized by a representative player contains the utility of the GLD scaled by a constant parameter and a cost to update their actions. It is heuristically demonstrated that the large-discount limit of this MFG reduces to the GLD, with the optimal action arising as the logit function.
Discussion of finite difference methods for computing GLD and MFG, and their application to two resource and environmental management problems: sustainable tourism and recreational fishing by legal and illegal anglers. These applications focus on potential games, where the unique existence and stability of solutions are guaranteed.
The study provides a novel connection between evolutionary game theory and mean field games, with implications for modeling social interactions and sustainable resource management.
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by Hidekazu Yos... о arxiv.org 09-26-2024
https://arxiv.org/pdf/2405.15180.pdfГлибші Запити