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Mean Field Games in Nudge Systems for Societal Networks

Published: 31 August 2018 Publication History

Abstract

We consider the general problem of resource sharing in societal networks, consisting of interconnected communication, transportation, energy, and other networks important to the functioning of society. Participants in such network need to take decisions daily, both on the quantity of resources to use as well as the periods of usage. With this in mind, we discuss the problem of incentivizing users to behave in such a way that society as a whole benefits. To perceive societal level impact, such incentives may take the form of rewarding users with lottery tickets based on good behavior and periodically conducting a lottery to translate these tickets into real rewards. We will pose the user decision problem as a mean field game and the incentives question as one of trying to select a good mean field equilibrium (MFE). In such a framework, each agent (a participant in the societal network) takes a decision based on an assumed distribution of actions of his/her competitors and the incentives provided by the social planner. The system is said to be at MFE if the agent’s action is a sample drawn from the assumed distribution. We will show the existence of such an MFE under general settings, and also illustrate how to choose an attractive equilibrium using as an example demand-response in the (smart) electricity network.

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Published In

cover image ACM Transactions on Modeling and Performance Evaluation of Computing Systems
ACM Transactions on Modeling and Performance Evaluation of Computing Systems  Volume 3, Issue 4
December 2018
175 pages
ISSN:2376-3639
EISSN:2376-3647
DOI:10.1145/3271433
  • Editors:
  • Sem Borst,
  • Carey Williamson
Issue’s Table of Contents
Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected]

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Publication History

Published: 31 August 2018
Accepted: 01 June 2018
Revised: 01 March 2018
Received: 01 December 2016
Published in TOMPECS Volume 3, Issue 4

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Author Tags

  1. Mean field games
  2. lottery
  3. nudge system
  4. smart grid
  5. societal networks

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  • (2023)Summary and DiscussionsLearning for Decision and Control in Stochastic Networks10.1007/978-3-031-31597-8_5(69-71)Online publication date: 20-Jun-2023
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