Bauso, D. and Basar, T. (2015) Opinion dynamics in coalitional games with transferable utilities. In: Proceedings of the IEEE Conference on Decision and Control. 53rd IEEE Conference on Decision and Control, December 15-17, 2014, Los Angeles, CA, USA. , 2094 - 2099.
Abstract
© 2014 IEEE. This paper studies opinion dynamics in a large number of homogeneous coalitional games with transferable utilities (TU), where the characteristic function is a continuous-time stochastic process. For each game, which we can see as a 'small world', the players share opinions on how to allocate revenues based on the mean-field interactions with the other small worlds. As a result of such mean-field interactions among small worlds, in each game, a central planner allocates revenues based on the extra reward that a coalition has received up to the current time and the extra reward that the same coalition has received in the other games. The paper also studies the convergence and stability of opinions on allocations via stochastic stability theory.
Metadata
Item Type: | Proceedings Paper |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2014 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other users, including reprinting/ republishing this material for advertising or promotional purposes, creating new collective works for resale or redistribution to servers or lists, or reuse of any copyrighted components of this work in other works. Reproduced in accordance with the publisher's self-archiving policy. |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Engineering (Sheffield) > Department of Automatic Control and Systems Engineering (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 29 Jan 2016 16:37 |
Last Modified: | 29 Jan 2016 16:45 |
Published Version: | http://dx.doi.org/10.1109/CDC.2014.7039707 |
Status: | Published |
Refereed: | Yes |
Identification Number: | 10.1109/CDC.2014.7039707 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:89657 |