MS-Mo-E-53
New Developments in Stochastic Games: Mean Field Models and Beyond

Date: August 10
Time: 16:00--18:00
Room: 311B

(Note: Click title to show the abstract.)

Organizer:
Ludkovski, Mike (UC Santa Barbara)
Leung, Tim (Columbia Univ.)

Abstract: Mean-field games theory was introduced in 2006 by Lasry and Lions and by Huang, Caines and Malham¨¦ as a way to describe consensus among a large population of individuals. Various applications appear in economy, finance and engineering. In the past 5 years rapid developments have taken place to address existence and uniqueness of the corresponding stochastic equilibria, connections to controlled McKean-Vlasov diffusion processes and numerical approximation methods. The minisymposium will feature 4 talks devoted to recent applications of these theories related to systemic risk, commodity market oligopolies and Stackelberg games.


MS-Mo-E-53-1
16:00--16:30
Systemic Risk and Mean Field Games: Grouping Systems and A Central Bank
SUN, LI-HSIEN (National Central Univ.)


MS-Mo-E-53-2
16:30--17:00
Mean Field Stackelberg Games
Chau, Man Ho (The Univ. of Hong Kong)
YAM, Phillip (Chinese Univ. of Hong Kong)


MS-Mo-E-53-3
17:00--17:30
Mean field games in energy market
Ludkovski, Mike (UC Santa Barbara)
Xuwei, Yang (Univ. of California, Santa Barbara)


MS-Mo-E-53-4
17:30--18:00
Dynamic R&D Competition in Cournot Markets
Ludkovski, Mike (UC Santa Barbara)

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Footnote:
Code: Type-Date-Time-Room No.
Type : IL=Invited Lecture, SL=Special Lectures, MS=Minisymposia, IM=Industrial Minisymposia, CP=Contributed Papers, PP=Posters
Date: Mo=Monday, Tu=Tuesday, We=Wednesday, Th=Thursday, Fr=Friday
Time : A=8:30-9:30, B=10:00-11:00, C=11:10-12:10, BC=10:00-12:10, D=13:30-15:30, E=16:00-18:00, F=19:00-20:00, G=12:10-13:30, H=15:30-16:00
Room No.: TBA