Research output: Contribution to journal › Article › peer-review
In this paper, we investigate the mean field games of N agents who are weakly coupled via the empirical measures. The underlying dynamics of the representative agent is assumed to be a controlled nonlinear diffusion process with variable coefficients. We show that individual optimal strategies based on any solution of the main consistency equation for the backward-forward mean filed game model represent a 1/N-Nash equilibrium for approximating systems of N agents.
Original language | English |
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Pages (from-to) | 208-230 |
Number of pages | 23 |
Journal | Dynamic Games and Applications |
Volume | 4 |
Issue number | 2 |
DOIs | |
State | Published - 1 Jan 2014 |
ID: 51531589