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AMCS Seminar | Meanfield games and model predictive control

Start Date: February 7, 2017
End Date: February 7, 2017

By Professor Michael Herty (RWTH Aachen University)
 
 
Mean-Field Games are games with a continuum of players that incorporate the time-dimension through a control-theoretic approach. Recently, simpler approaches relying on the Best Reply Strategy have been proposed. They assume that the agents navigate their strategies towards their goal by taking the direction of steepest descent of their cost function (i.e. the opposite of the utility function). In this talk, we explore the link between Mean-Field Games and the Best Reply Strategy approach. This is done by introducing a Model Predictive Control framework, which consists of setting the Mean-Field Game over a short time interval which recedes as time moves on. We show that the Model Predictive Control offers a compromise between a possibly unrealistic Mean-Field Game approach and the sub-optimal Best Reply Strategy.
 
Biography: Born on August 24, 1976 in Frankfurt , Germany. Education Habilitation in Mathematics, TU Kaiserslautern, Network Problems and Numerical Methods, June 2006 Promotion (summa cum laude), Department of Mathematics, TU Darmstadt, June 2004 Diploma in Mathematics (1,0), Department of Mathematics, TU Darmstadt, April 2002. Awards and scholarships Visiting professor position, University of Ferrara, 2016 Visiting professor position, University of Toulouse, 2012 Guestprofessor, Southeast University, Nanjing, China, since 2011 Research scholarship funded within the Hausdorff–Junior Program ’Computational Mathematics’, March 2008 Visiting Professor Lectureship at University of KwaZulu–Natal funded by German Academic Exchange Service (DAAD), August 2007 to October 2007 Price for excellence in research, TU Kaiserslautern, June 2007 Scholarship for research in the US funded by German Research Foundation (DFG) and German Society of Mathematicians (DMV), January 2007 Research scholarship for PostDocs funded by German Academic Exchange Service (DAAD), November 2004 to February 2005 Scholarship of German National Academic Foundation (Studienstiftung des Deutschen Volkes), April 1999 to October 2003 Research scholarship for PhD candidates funded by German Academic Exchange Service (DAAD), July 2003 to October 2003.
 

More Information:

For more info contact: Professor Raul Tempone: email: raul.tempone@kaust.edu.sa
 
Date: Tuesday 7th Feb 2017
Time:02:30 PM - 04:00 PM
Location: Building 1- level 4- 4214
Refreshments: Refreshment will be served @ 2:15 pm