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Mean-Field Linear-Quadratic-Gaussian (LQG) Games for Stochastic Integral Systems

Mean-Field Linear-Quadratic-Gaussian (LQG) Games for Stochastic Integral Systems

In this paper, we formulate and investigate a class of mean-field linear-quadratic-Gaussian (LQG) games for stochastic integral systems.Unlike other literature on mean-field games where the individual states follow the controlled stochastic differential equations (SDEs), the individual states in our largepopulation system are characterized by a class of stochastic Volterra-type integral …