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ISS Informal Systems Seminar

Linear-quadratic mean field games with a major player: Nash certainty equivalence versus master equations


Nov 13, 2020   11:00 AM — 12:00 PM

Minyi Huang Full Professor, School of Mathematics and Statistics, Carleton University, Canada

Minyi Huang

Webinar link
Meeting ID: 910 7928 6959
Passcode: VISS

Mean field games with a major player were introduced in (Huang, 2010) within a linear-quadratic (LQ) modeling framework. Due to the rich structure of major-minor player models, the past ten years have seen significant research efforts for different solution notions and analytical techniques. For LQ models, we address the relation between three solution frameworks: the Nash certainty equivalence (NCE) approach in (Huang, 2010), master equations, and asymptotic solvability, which have been developed starting with different ideas. We establish their equivalence relationships.

Peter E. Caines organizer
Aditya Mahajan organizer
Shuang Gao organizer
Yaroslav Salii organizer


Online meeting
Montréal Québec

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