Large-scale dynamics of mean-field games driven by local nash equilibria

We introduce a new mean field kinetic model for systems of rational agents interacting in a game-theoretical framework. This model is inspired from noncooperative anonymous games with a continuum of players and Mean-Field Games. The large time behavior of the system is given by a macroscopic closure with a Nash equilibrium serving as the local thermodynamic equilibrium. An application of the presented theory to a social model (herding behavior) is discussed. © Springer Science+Business Media New York 2013.

Duke Scholars

Author Jian-Guo Liu Physics