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For minor agents, we have.
Moreover, the major and minor agents are further coupled via the state-average.
First, as addressed in (Step i), the state-average limit of minor agents will be frozen.
The major agent is dominating as its state enters those of minor agents.
This paper studies the backward-forward linear-quadratic-Gaussian (LQG) games with major and minor agents (players).
In this paper, we have studied the mean-field linear-quadratic (LQ) games with major and minor agents in a backward-forward setup.
Similar(39)
In "Pedigree," too, the father is called Désiré, and, like the real one, is a minor agent in an insurance company.
The minor agent's optimal control should involve some feedback of this augmented state.
Besides the state of the major agent, each minor agent can only access to the information of its state and parameters.
Next, as suggested by (ii-b), the given minor agent will solve some optimal control problem with augmented state: its own state, state-average limit, optimal state of major agent from (ii-a), which is a BFSDE.
Wind is a minor agent of erosion here.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com