Robust mean field games with application to production of an exhaustible resource

Dario Bauso, Hamidou Tembine, Tamer Başar

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

In this paper, we study mean field games under uncertainty. We consider a population of players with individual states driven by a standard Brownian motion and a disturbance term. The contribution is three-fold: First, we establish a mean field system for such robust games. Second, we apply the methodology to an exhaustible resource production. Third, we show that the dimension of the mean field system can be significantly reduced by considering a functional of the first moment of the mean field process.

Original languageEnglish (US)
Title of host publicationROCOND'12 - 7th IFAC Symposium on Robust Control Design
Pages454-459
Number of pages6
EditionPART 1
DOIs
StatePublished - 2012
Event7th IFAC Symposium on Robust Control Design, ROCOND'12 - Aalborg, Denmark
Duration: Jun 20 2012Jun 22 2012

Publication series

NameIFAC Proceedings Volumes (IFAC-PapersOnline)
NumberPART 1
Volume7
ISSN (Print)1474-6670

Other

Other7th IFAC Symposium on Robust Control Design, ROCOND'12
CountryDenmark
CityAalborg
Period6/20/126/22/12

ASJC Scopus subject areas

  • Control and Systems Engineering

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